HC Deb 15 July 1998 vol 316 c204W
Mr. Mitchell

To ask the Chancellor of the Exchequer if he will make a statement on the impact of recent far eastern devaluations on the rate of inflation in the United Kingdom. [49614]

Mrs. Liddell

Developments in Asia are expected to reduce inflation and growth in the G7 economies. Allowance was made for these developments in the Budget forecast for UK inflation set out in the March 1998 Financial Statement and Budget Report (FSBR). But the FSBR also emphasised the risks.