Economic Stability

Treasury written question – answered on 9th July 2001.

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Photo of Jim Cunningham Jim Cunningham Labour, Coventry South

To ask the Chancellor of the Exchequer what forecast he has made of future economic stability; and what contingency plans he has made for changes to his economic policy in the event of a serious slowdown in world activity.

Photo of Ruth Kelly Ruth Kelly Economic Secretary, HM Treasury

The Government will continue to steer a course of economic stability by maintaining fiscal discipline, consistent with the fiscal rules, and by supporting the decisions of the Monetary Policy Committee in continuing to meet the inflation target. Budget 2001 (HC 279) included latest forecasts for the economy and the public finances.

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