HC Deb 19 July 1979 vol 970 cc794-5W
28. Dr. McDonald

asked the Chancellor of the Exchequer if he is now ready to announce the Government's medium-term money supply targets.

30. Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer when he expects to publish medium-term objectives for the money supply and for the public sector borrowing requirement.

Sir Geoffrey Howe

Our first priority is to change the direction of the economy and to bring money supply growth under control. We are also committed to a progressive reduction of the rate of growth of the money supply and, as a means to that end, we are determined to reduce the PSBR as a percentage of GDP.

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