§ 17. Mr. Skinnerasked the Chancellor of the Exchequer whether he is satisfied with the current rate of inflation; and if he will make a statement.
§ 20. Mr. Adleyasked 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 HoweThe 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.