§ Mr. Denzil Daviesasked the Chancellor of the Exchequer what is his target for the rate of inflation, as assessed by the retail price index, in accordance with the principle of sound money recently examined by the Prime Minister.
§ Mr. LawsonThe Government's policy is to curb inflation by ensuring that effective financial disciplines operate in both private and public sectors. The Government's monetary and fiscal stance will be framed accordingly. I do not consider that setting inflation targets will in any way further this policy.
42W£60, (b) £100, (c) £200, (d) £300, (e) £400 and (f) £500, respectively.
§ Mr. Peter ReesI shall let the right hon. Member have a reply as soon as possible.