HC Deb 14 July 1988 vol 137 c310W
63. Mr. Madel

To ask the Chancellor of the Exchequer what assessment he has made of the implications of the current rate of pay settlements for the implementation of his Budget strategy; and if he will make a statement.

Mr. Major

The Government's policy of not accommodating domestic cost increases implies that excessive pay settlements are a threat to jobs rather than inflation over the medium term.