§ Mr. Adleyasked the Chancellor of the Exchequer if he will estimate the likely level of inflation over the next 12 months and next five years; and if he will make a statement.
§ Mr. Peter ReesThe forecast published at Budget time for RPI inflation in the year to the second quarter of 1984 was 6 per cent. In the longer term, prospects for further reductions depend on the maintenance of sound monetary conditions.