Inflation (Hansard, 11 February 1982)

HC Deb 11 February 1982 vol 17 c468W 468W

§ 18. Mr. Dubs
asked the Chancellor of the Exchequer when he now expects the rate of inflation to fall to single figures.

§ Mr. Brittan
The Industry Act forecast is that the year-on-year rate of inflation will fall to around 10 per cent. by the end of the year, and I am confident that the downward trend will continue thereafter.

§ 47. Mr. Skinner
asked the Chancellor of the Exchequer if he is satisfied with progress in reducing the rate of inflation; and if he will make a statement.

§ Mr. Brittan
Yes. Inflation has been reduced from 21.9 per cent. in May 1980 to 12 per cent. in December 1981, and I expect further progress in reducing the rate of inflation during the current year.