§ 19. Mr. Allen McKayasked the Chancellor of the Exchequer if he is satisfied with the level of demand in the United Kingdom economy.
§ Sir Geoffrey HoweDemand and output are higher than in the first half of last year. The signs that recovery will continue are favourable. Interest rates have continued the welcome decline seen earlier in the year, and inflation is coming down, faster than forecast at the time of the Budget. This must provide the best possible basis for achieving, and sustaining, continued recovery.