HC Deb 21 June 1979 vol 968 c669W
17. Mr. Skinner

asked the Chancellor of the Exchequer whether he is satisfied with the current rate of inflation; and if he will make a statement.

20. Mr. Adley

asked the Chancellor of the Exchequer how long he expects it to be before his policy has brought inflation under control; and if he will make a statement.

Sir Geoffrey Howe

The annual rate of inflation has been rising steadily since last October, and this Government have inherited a situation which gives no cause for satisfaction. With the help of responsible monetary targets and enforcement of cash limits in the public sector, we are determined to pursue policies which will reverse this trend and put the

EXPORTS OF GOODS AND SERVICES
$ per head
1975 1976 1977 1978
United Kingdom 1,071 1,141 1,365 1,641
Belgium 3,502 3,721 4,331 5,173*
Denmark 2,396 2,542 2,847 3,357
France 1,323 1,407 1,611 2,018
Germany 1,787 2,014 2,322 2,840
Ireland 1,244 1,315 1,704* 2,187*
Italy 831 865 1,046 1,310
Netherlands 3,163 3,507 3,804 4,404
Norway 3,016 3,258 3,597 4,182
Sweden 2,459 2,670 2,752 3,122*
Austria 1,588 1,786 2,082 2,571
Switzerland 3,078 3,488 4,093 5,616*
United States 729 796 845 998
Japan 612 714 840 1,002
Australia 1,018 1,100 1,109 1,181
Source: International Financial Statistics.
*Estimated.

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