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Bank Lending

Volume 978: debated on Monday 11 February 1980

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asked the Chancellor of the Exchequer whether he will circulate in the Official Report a table showing the estimated increase in bank lending since May 1969 to customers taking advantage of the relaxation of exchange controls.

It is not possible to identify separately the effects on bank lending of the relaxation of exchange controls. Any estimate would depend upon the assumptions made about interest rates and the exchange rate, for example, if exchange controls had not been abolished.