§ Mr. Nicholas WintertonTo ask the Chancellor of the Exchequer if he will list the principles upon which he is basing his strategy for economic growth.
§ Mr. NelsonEconomic growth is generated by businesses and their employees, not by Governments. The Government's responsibility is to ensure that markets work properly and that the regulatory and tax burden on business is kept to a minimum. It also has the essential task of establishing a macroeconomic framework which provides the stability that businesses need to plan for the future. The Government therefore direct monetary and fiscal policy towards two key objectives: low inflation on a permanent basis and sound public finances.