§ Mr. WillettsTo ask the Chancellor of the Exchequer what measures he will take to ensure that196W the delivery of the Government's inflation target is subject to the Government's objectives for employment and growth. [43970]
§ Mrs. Liddell[holding answer 1 June 1998]: The Government have put in place monetary and fiscal frameworks designed to achieve economic stability. The Government set, and take responsibility for, the objectives of monetary policy through the inflation target. It is the job of the Bank of England's Monetary Policy Committee to set interest rates to achieve the Government's inflation target.