HC Deb 18 February 1994 vol 237 cc1029-30W
Mr. Wigley

To ask the Chancellor of the Exchequer what is his estimate of the effect on the economy of the tax increases scheduled during April 1994.

Mr. Dorrell

The 1994–95 "Financial Statement and Budget Report" takes full account of these measures, and sets out the Government's latest economic forecast. The tax increases and public expenditure savings announced in the two 1993 Budgets put the public finances on a sound footing, and they help create the conditions for sustainable economic growth combined with low inflation.