Inflation

HC Deb 20 June 1990 vol 174 c557W

138. Mr. Oppenheim

To ask the Chancellor of the Exchequer when he last met the Confederation of British Industry to discuss the level of inflation.

Mr. Ryder

My right hon. Friend addressed the CBI's annual dinner on 17 May, at which a wide range of topics were discussed.

Region	Average new mortgage1	Weekly payment2	Increase
		June 1988 9.8 per cent, interest rate	June 1990 15.3per cent. interest rate
	£	£	£	£
Northern	26,800	37.88	59.14	21.26
Yorkshire and Humberside	30,500	43.35	67.67	24.33
East Midlands	35,900	53.52	83.56	30.04
East Anglia	40,700	62.57	97.68	35.12
Greater London	58,000	95.17	148.59	53.41
South East	53,500	86.69	135.35	48.65
South West	42,700	66.34	103.57	37.23
West Midlands	35,100	52.02	81.21	29.19
North West	33,200	48.43	75.62	27.18
Wales	31,700	45.61	71.20	25.60
Scotland	25,900	36.61	57.15	20.55
Northern Ireland	22,600	31.94	49.87	17.93
United Kingdom	39,000	59.37	92.68	33.32
1 Building Society mortgages, first quarter 1990.
2 Assuming endowment mortgage.