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Written question asked by Austin Mitchell (Labour), in the House of Commons. It was due for an answer on Wednesday, 18 June 1997. It was answered by Baroness Liddell of Coatdyke (Labour) on Wednesday, 18 June 1997 on behalf of the Treasury.


Treasury

Question
What factors underlie his target of no more than 2.5 per cent. inflation.
Answer

Mr. Mitchell: To ask the Chancellor of the Exchequer what factors underlie his target of no more than 2.5 per cent. inflation. [3232] Mrs. Liddell: The Government's inflation target is 2 1/2 per cent. Price stability is an essential precondition for the Government's objectives of high and sustainable levels of growth and employment.


Secondary information

Type
Written question
Reference
3232; 296 c231W
Session
1997-98
Subjects
Inflation Monetary policy