§ 21. Mr. Wyn Robertsasked the Chancellor of the Exchequer for what period of time he anticipates the expected 7 per cent. rate of inflation will last.
§ Mr. Joel BarnettOn the basis of the latest forecast published in the Financial Statement and Budget Report, we should reach 7 per cent. in early summer and still be at around that level up to the end of this year.
§ 28. Mr. Scott-Hopkinsasked the Chancellor of the Exchequer whether, at any time since February 1974, the rate of inflation in the United Kingdom has been running at or below 8.4 per cent. per annum.
§ Mr. Joel BarnettOn the same basis as the Chancellor used in his statement in 1974, the annualised version of the three-monthly increase has been below 8.4 per cent. since July 1977.