§ Mr. Gouldasked the Chancellor of the Exchequer whether the monetary targets set out in the medium term financial strategy took into account the probable change in cash balances resulting from changes in the rate of inflation; and what are the implications of these changes for the growth of output in 1984.
§ Mr. Ian StewartThe monetary targets for 1984–85 and the illustrative ranges for later years in the medium term financial strategy are designed to maintain downward pressure on inflation. This will establish the conditions for 319W sustained growth as set out in the forecast to mid-1985 in part 3 and the assumptions for later years in part 2 of the FSBR.