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Share Dealing (Stamp Duty)

Volume 977: debated on Wednesday 30 January 1980

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asked the Chancellor of the Exchequer if he will seek to abolish stamp duty on share dealings.

asked the Chancellor of the Exchequer if he is satisfied that the two measures of money supply currently used by the Treasury, namely, sterling M1 and sterling M3, include all near-money which can be mobilised to circumvent conventional controls on money.

[pursuant to his reply, 17 January 1980, c. 860]; In carrying out monetary policy the Government pay regard to a whole range of monetary aggregates. However, for target purposes, sterling M3, which includes M1, has the advantage that it relates to a range of Government policies, in particular the fiscal stance.