§ 2. Mr. Hal Millerasked the Chancellor of the Exchequer whether he will report progress towards achieving the financial targets in the medium term financial strategy; and if he will make a statement.
§ Mr. BrittanAlthough the present monetary position is distorted by the effects of the Civil Service strike, we estimate that underlying monetary growth is within the 6 to 10 per cent. target range. We are therefore on course towards achieving the progressive deceleration in rates of monetary growth outlined in the medium term financial strategy.