HC Deb 02 July 1985 vol 82 c111W
Mr. Ashdown

asked the Chancellor of the Exchequer if he will now make it his policy to expand the economy in anticipation of a United States recession.

Mr. Peter Rees

There is no reason to expect a recession in the United States this year or next. As the 1985 Budget statement makes clear, the medium term financial strategy is as firm a guarantee against inadequate money demand in the United Kingdom as it is against excessive money demand. Both output and employment in the United Kingdom are currently growing at a substantial rate and the prospect is for further growth next year.