HC Deb 29 April 1977 vol 930 c475W
Mr. Tebbit

asked the Chancellor of the Exchequer what is the maximum rate of pay increase he estimates to be comparable in his Budget strategy for reducing inflation.

Mr. Joel Barnett

The Government agree with the TUC's Economic Review that the increase in earnings will need to be in single figures if we are to achieve the objective of a single-figure inflation rate.

Forward to