§ 12. Mr. Rostasked the Chancellor of the Exchequer what is the latest estimate of the rate of inflation during the current year.
§ Mr. DellI propose to follow the example of my predecessors in not publishing forecasts of prices, which are subject to so many uncertainties, particularly in the international field.
§ Mr. RostIf the Chancellor wants to curb the rate of inflation and encourage investment, should he not reduce the tax on profits and provide extra incentive to savers rather than carry out his threat to redistribute capital from savers to spenders?
§ Mr. DellI do not know whether the hon. Gentleman considers that the previous Government followed his recommendations. If they did, I cannot see that they were successful.