§ Mr. Newtonasked the Chancellor of the Exchequer what basic rate of tax he is assuming in his £6,000 million estimate of the cost of introducing a tax credit scheme.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 10th July 1978;
June July August September October November December 1977 1977 1977 1977 1977 1977 1977 United Kingdom … 17.7 17.6 16.5 15.6 14.1 13.0 12.1 Belgium … 7.2 7.8 7.2 7.1 6.5 6.4 6.3 Denmark … 10.7 11.4 11.6 10.2 12.7 12.4 12.3 Federal Republic of Germany … 4.0 4.3 3.9 3.7 3.8 3.7 3.5 Eire† … — — 13.5 — — 10.8 — Italy … 18.7 18.8 18.6 17.7 16.4 15.0 14.0 Luxembourg … — — — — — — — Netherlands … 7.2 7.6 6.8 6.3 5.4 5.5 5.4 France … 10.2 10.1 9.9 9.7 9.5 9.1 9.0
January February March April May June 1978 1978 1978 1978 1978 1978 United Kingdom … 9.9 9.5 9.1 7.9 7.7 7.4 Belgium … 5.8 5.4 5.7 5.3 4.4* — Denmark … 12.9 13.3 12.2 11.5 10.8* — Federal Republic of Germany … 3.2 3.1 3.1 2.9 2.7* — Eire† … — 8.2 — — 8.2* — Italy … 13.6 12.5 12.3 12.2 — — Luxembourg … 3.8 3.3 3.2 3.1 2.9* — Netherlands … 5.0 4.7 4.6 3.6 3.5* — France … 9.2 9.2 9.2 9.0 9.0* — * Provisional. † Published quarterly. Source: OECD consumer price indices.
§ Mrs. Kellett-Bowmanasked the Chancellor of the Exchequer what has been the rate of inflation in each of the last 12 months in Norway.
§ Mr. Denzil DaviesThe rates of inflation in Norway for the latest 12-month period available were as follows:
May 1977 8.9 June 8.7 July 8.9 August 9.0 September 9.4 October 9.8 November 9.2 December 9.1 January 1978 9.3 February 9.1 March 8.5 April 8.3 Source: OECD consumer price indices
60WVol. 953, c. 402], gave the following information:
Thirty-four per cent. was the rate assumed at the time the calculation was made.