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Written question asked by David Kidney (Labour) on Monday, 22 November 1999, in the House of Commons. It was due for an answer on Monday, 29 November 1999. It was answered by Melanie Johnson (Labour) on Monday, 29 November 1999 on behalf of the Treasury.


Treasury

Question
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the introduction of the national minimum wage on inflation. - Includes figures.
Answer

Mr. Kidney: To ask the Chancellor of the Exchequer what assessment he has made of the effect of the introduction of the national minimum wage on inflation. [99633] Miss Melanie Johnson: The Monetary Policy Committee is charged with setting interest rates to ensure the Government's inflation target of 2.5 per cent. is met, and hence the introduction of a National Minimum Wage is not expected to have any material effect on inflation.


Secondary information

Type
Written question
Reference
99633; 340 c78W
Session
1999-00
Subjects
Inflation Minimum wage
Contains statistics
Yes