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Oral question asked in the House of Commons, by Michael John Foster (Labour). It was answered on Thursday, 2 March 2006 on behalf of the Treasury.


Business Productivity

Question
Does my right hon. Friend agree that as welcome as supply-side policies are to improve productivity, the real key is still maintaining macro-economic stability?
Answer

I accept what my hon. Friend says, and I understand that the Conservative leader has now reached the conclusion that stability is the foundation of what should be done. Since 1997, we have been consistent in supporting stability as the foundation of policy and that required us, in the first instance, to take the difficult decision of making the Bank of England independent—a decision opposed by the Conservatives.


Secondary information

Type
Oral question
Reference
443 c391 
Session
2005-06
Oral question type
Supplementary
Chamber / Committee
House of Commons chamber
Subjects
Business Productivity
Link
View this Oral question on www.publications.parliament.uk