HC Deb 15 February 1979 vol 962 cc597-8W
22. Mr. Adley

asked the Chancellor of the Exchequer what steps he is taking to control inflation.

Mr. Healey

The Government stand by their pay guidelines and the appropriate fiscal and monetary measures to back them up.

We have made it clear that the best means of controlling inflation is for negotiators to reach pay settlements in accordance with the Government's pay guidelines. To the extent that settlements turn out to be in excess of those guidelines the Government will take the fiscal and monetary measures they consider necessary to offset the inflationary pressures they generate.

24. Mr. Neubert

asked the Chancellor of the Exchequer what is the latest annual rate of inflation for the United Kingdom, West Germany and Japan, respectively.

Mr. Healey

The year on year increase in prices for December 1978 was 8.4 per cent. for the United Kingdom, 2.4 per cent. for the Federal Republic of Germany and 3.5 per cent. for Japan. The corresponding figure for the United States was 9 per cent. and for France 9.7 per cent.