HC Deb 22 October 1992 vol 212 cc364-5W
Mr. Redmond

To ask the Chancellor of the Exchequer what assessment he has made of the effects on inflation of the withdrawal from the ERM.

Mr. Nelson

The easing of monetary policy which has occurrred since sterling's withdrawal from the ERM is consistent with keeping downward pressure on inflation. I shall be publishing a revised forecast of prospects for inflation in the autumn statement, in the usual way.