HC Deb 06 June 1995 vol 261 c91W
Mr. Malcolm Bruce

To ask the Chancellor of the Exchequer (1) what plans he has to change his target for underlying inflation from the RPIX to the RPIY measure, [26704]

(2) whether the policy indicated by his predecessor to the Treasury Select Committee to keep RPIX inflation below 2 per cent. remains Government policy; and what is his target for underlying inflation beyond the end of the current Parliament. [26703]

Mr. Nelson

The Government's aim is to keep underlying inflation in the range 1 to 4 per cent., and to bring it down into the lower half of this range by the end of the present Parliament. I have no plans to change the objective for that period.