§ 20. Mr. Andrew MacKay
asked the Chancellor of the Exchequer if he will make a statement on the current level of inflation.
§ 35. Mr. McNamara
asked the Chancellor of the Exchequer if he will assess the consequences for inflation of the recent fall in the exchange rate and rise in interest rates.
§ Mr. Ian Stewart
There may well be a temporary upward movement in inflation, resulting from many factors, including the exchange rate, but the Government's financial policies should ensure a swift resumption in the downward trend.
§ 44. Mr. Frank Cook
asked the Chancellor of the Exchequer if he will estimate the effect of the Budget on inflation.
§ Mr. Peter Rees
We estimate that the direct effect of the Budget measures on the retail prices index will increase it by ½ per cent. But downward pressure on inflation will be maintained through the medium-term financial strategy.