16. Mr. Michael Jabez FosterTo ask the Chancellor of the Exchequer if he will make a statement on the inflation forecasts set out in the Red Book. [125841]
§ Miss Melanie JohnsonLatest RPIX inflation outturns are in line with the Budget forecast. The monetary policy framework set up by this Government is delivering low and stable inflation. It is because of this that interest rates are historically low—less than half the level seen in the late 1980s and early 1990s.