Money Supply

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 29 November 1973.

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Photo of Mr Jock Bruce-Gardyne Mr Jock Bruce-Gardyne , South Angus 12:00, 29 November 1973

I am grateful to my right hon. Friend for that reply. Will he confirm that it remains the Gov ernments' view that to suspend competition and credit control would have highly undesirable side effects without in any way contributing to the solution of the problem of financing perhaps a very large borrowing requirement in a non-inflationary manner?