HC Deb 08 July 1996 vol 281 c35W
Mr. Austin Mitchell

To ask the Chancellor of the Exchequer what steps he is taking to control asset inflation. [35931]

Mrs. Angela Knight

Interest rates are set to achieve the inflation target, which is to keep underlying retail price inflation, RPIX, at or below 2 per cent. Asset prices are among the indicators that the Government take into account in assessing the prospects for inflation.