HC Deb 20 October 1988 vol 138 c989W
Mr. Matthew Taylor

To ask the Chancellor of the Exchequer if he will estimate the effects of the tax cuts announced in the Budget, on the rate of inflation.

Mr. Lilley

[holding answer 19 October 1988]: The budget gave no fiscal stimulus to inflation. It left the overall burden of taxation as a percentage of GDP unchanged. In the longer run, the tax reforms and reductions in tax rates, by improving supply, will help the Government to achieve their aim of reducing inflation.