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Answering member
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John Healey
Type
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Healey, John (42)
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(2) what effect negative retail price index inflation would have on the business rates multiplier for the relevant year.
(2) what effect negative retail price index inflation would have on the business rates multiplier for the relevant year.
Asked by
Lord Pickles
(Conservative)
Answered by
John Healey
(Labour)
Answering body
Communities and Local Government
Type
Written questions
Status
Answered
Tabled on
23 January 2009
For answer on
27 January 2009
Answered on
2 February 2009
No such assessment has been made. The impact of the retail price index on business rates is determined by a formula in the Local Government Finance Act 1988, schedule 7, which outlines how to calculate the business rate multipliers using the RPI figure.
Subjects
Inflation; Business rates
Date
2 February 2009
Reference
487 c968W; 252388
House
House of Commons
To ask the Secretary of State for Communities and Local Government (1) what assessment she has made of the effect on business rate revenue should the retail price index measurement of the rate of inflation fall below zero;
To ask the Secretary of State for Communities and Local Government (1) what assessment she has made of the effect on business rate revenue should the retail price index measurement of the rate of inflation fall below zero;
Asked by
Lord Pickles
(Conservative)
Answered by
John Healey
(Labour)
Answering body
Communities and Local Government
Type
Written questions
Status
Answered
Tabled on
23 January 2009
For answer on
27 January 2009
Answered on
2 February 2009
No such assessment has been made. The impact of the retail price index on business rates is determined by a formula in the Local Government Finance Act 1988, schedule 7, which outlines how to calculate the business rate multipliers using the RPI figure.
Subjects
Inflation; Business rates
Date
2 February 2009
Reference
487 c968W; 252329
House
House of Commons
To ask the Secretary of State for Communities and Local Government what index is used to calculate inflation in relation to the costs of providing local authority services.
To ask the Secretary of State for Communities and Local Government what index is used to calculate inflation in relation to the costs of providing local authority services.
Asked by
Jacqui Lait
(Conservative)
Answered by
John Healey
(Labour)
Answering body
Communities and Local Government
Type
Written questions
Status
Answered
Tabled on
20 July 2007
For answer on
24 July 2007
Answered on
3 September 2007
In common with other Government Departments, Communities and Local Government uses the HM Treasury Gross Domestic Product (GDP) Deflator to measure money changes in real terms.
Subjects
Inflation; Local government finance
Date
3 September 2007
Reference
152549; 463 c1683W
House
House of Commons
The hardest burden for many families to bear are interest rates that run out of control, which they experienced under the previous Government, and inflation running out of control, which they also experienced under the previous Government. In contrast, the consumer prices index of inflation remains low by historical standards, at 2.5 per cent.—incidentally, it fell by 0.6 per cent. last month. Consistent with the Treasury’s forecast in the Budget, and with the Bank of England’s May inflation report, independent forecasters expect inflation to return to its target level by the end of the year.
The hardest burden for many families to bear are interest rates that run out of control, which they experienced under the previous Government, and inflation running out of control, which they also experienced under the previous Government. In contrast, the consumer prices index of inflation remains low by historical standards, at 2.5 per cent.—incidentally, it fell by 0.6 per cent. last month. Consistent with the Treasury’s forecast in the Budget, and with the Bank of England’s May inflation report, independent forecasters expect inflation to return to its target level by the end of the year.
Answered by
John Healey
(Labour)
Asked by
Theresa Villiers
(Conservative)
Answering body
Treasury
Type
Oral answers to questions
Last year, disposable incomes rose at the slowest rate for nearly a quarter of a century, and yesterday the Office for National Statistics announced that, for the sixth month in a row, regular pay failed to keep up with inflation, so living standards fell again. The Council of Mortgage Lenders has now reported that homeowners are suffering the highest mortgage burden for 15 years. Does the Minister agree that life is getting much tougher for thousands of hard-working people after the Chancellor’s 10 years in office? People are already struggling with 101 stealth tax rises, and many of them are also hit by the chaos in the tax credit system.
Subjects
Inflation
Date
14 June 2007
Reference
461 c858
Chamber / Committee
House of Commons chamber
House
House of Commons
One of the best and most important things for families, particularly those on lower incomes who aspire to be able to afford their own homes, are low and stable interest rates, which come with low and stable inflation. That is one of the reasons that this country now has 1.8 million more homeowners than in 1997, and it is the reason that we will not return to the sort of policies that we saw under the previous Government and that are advocated by the current Opposition. During the 18 years that they were last in power, average interest rates, for the entire period, were about 10 per cent.
One of the best and most important things for families, particularly those on lower incomes who aspire to be able to afford their own homes, are low and stable interest rates, which come with low and stable inflation. That is one of the reasons that this country now has 1.8 million more homeowners than in 1997, and it is the reason that we will not return to the sort of policies that we saw under the previous Government and that are advocated by the current Opposition. During the 18 years that they were last in power, average interest rates, for the entire period, were about 10 per cent.
Answered by
John Healey
(Labour)
Asked by
James Brokenshire
(Conservative)
Answering body
Treasury
Type
Oral answers to questions
Alliance Trust recently reported that the poorest households in the UK face an inflation rate as much as a third higher than the average. That comes hot on the heels of Institute for Fiscal Studies research indicating a real increase in poverty in this country in the past year. Does the Minister share the concerns expressed by some of his colleagues running for the deputy leadership of the Labour party about the rising inequality under this Government?
Subjects
Inflation
Date
14 June 2007
Reference
461 c858
Chamber / Committee
House of Commons chamber
House
House of Commons
We monitor such matters closely. We are obviously concerned about the position of pensioners, especially poorer pensioners. Pricing and price changes are the responsibility of Ofgem—the Office of Gas and Electricity Markets—the independent regulator that we established for the purpose.
Not only has inflation in the United Kingdom been lower and more stable under the present Government than under past Governments, it has been lower and more stable than inflation in other major economies during the period in question, despite difficulties caused by increases in world oil prices. This Government have an outstanding record on inflation and macro-economic management. That is why there are 1.8 million more homeowners and 2.6 million more jobs in the British economy than in 1997.
We monitor such matters closely. We are obviously concerned about the position of pensioners, especially poorer pensioners. Pricing and price changes are the responsibility of Ofgem—the Office of Gas and Electricity Markets—the independent regulator that we established for the purpose.
Not only has inflation in the United Kingdom been lower and more stable under the present Government than under past Governments, it has been lower and more stable than inflation in other major economies during the period in question, despite difficulties caused by increases in world oil prices. This Government have an outstanding record on inflation and macro-economic management. That is why there are 1.8 million more homeowners and 2.6 million more jobs in the British economy than in 1997.
Answered by
John Healey
(Labour)
Asked by
Mark Pritchard
(Conservative)
Answering body
Treasury
Type
Oral answers to questions
Outside the retail prices index, energy inflation is hitting pensioners hard, especially those in Shropshire. What discussions has the Financial Secretary has with his colleagues in the Department of Trade and Industry, and directly with the utility companies, about the speedy passing on of any reduction in wholesale prices so that retail customers, particularly pensioners, need not suffer?
Subjects
Inflation
Date
14 June 2007
Reference
461 c862
Chamber / Committee
House of Commons chamber
House
House of Commons
That is precisely the principal comparison. Under this Government we have had low and stable interest rates, low and stable inflation and historically high levels of employment, and that has led to greater wealth in this country.
That is precisely the principal comparison. Under this Government we have had low and stable interest rates, low and stable inflation and historically high levels of employment, and that has led to greater wealth in this country.
Answered by
John Healey
(Labour)
Asked by
Bob Blizzard
(Labour)
Answering body
Treasury
Type
Oral answers to questions
What I remember about the first quarter of 1997 is that there was no Monetary Policy Committee and the Chancellor at that time artificially held down interest rates in a desperate and fruitless attempt to win the 1997 election. Did that not distort the economy, and does it not make the comparison asked for in the question meaningless? Is not the only real comparison the fact that the Conservatives failed and we have had 10 years of success?
Subjects
Inflation
Date
14 June 2007
Reference
461 c862-4
Chamber / Committee
House of Commons chamber
House
House of Commons
RPIX inflation averaged 3.7 per cent. in the first quarter of 2007, largely as a result of high energy prices and high food prices. It was down to 3.3 per cent. last month and independent forecasts expect inflation to be back at its target level by the end of the year. I hope that the hon. Gentleman will recognise that since the Bank of England gained its independence in 1997, the UK has had the best inflation performance for almost a century.
RPIX inflation averaged 3.7 per cent. in the first quarter of 2007, largely as a result of high energy prices and high food prices. It was down to 3.3 per cent. last month and independent forecasts expect inflation to be back at its target level by the end of the year. I hope that the hon. Gentleman will recognise that since the Bank of England gained its independence in 1997, the UK has had the best inflation performance for almost a century.
Answered by
John Healey
(Labour)
Asked by
James Brokenshire
(Conservative)
Answering body
Treasury
Type
Oral answers to questions
What the average retail prices index inflation rate was in the first quarter of (a) 1997 and (b) 2007; and if he will make a statement.
Subjects
Inflation
Date
14 June 2007
Reference
461 c857-8
Chamber / Committee
House of Commons chamber
House
House of Commons
As I explained to the hon. Member for Hornchurch (James Brokenshire), inflation has fallen in the past month. The consensus among independent forecasters is that it will be back on target by the end of the year.
As I explained to the hon. Member for Hornchurch (James Brokenshire), inflation has fallen in the past month. The consensus among independent forecasters is that it will be back on target by the end of the year.
Answered by
John Healey
(Labour)
Asked by
Mark Pritchard
(Conservative)
Answering body
Treasury
Type
Oral answers to questions
What the average retail prices index inflation rate was in the first quarter of (a) 1997 and (b) 2007; and if he will make a statement.
Subjects
Inflation
Date
14 June 2007
Reference
461 c862
Chamber / Committee
House of Commons chamber
House
House of Commons
What the average retail prices index inflation rate was in the first quarter of (a) 1997 and (b) 2007; and if he will make a statement.
What the average retail prices index inflation rate was in the first quarter of (a) 1997 and (b) 2007; and if he will make a statement.
Asked by
Mark Pritchard
(Conservative)
Answered by
John Healey
(Labour)
Answering body
Treasury
Oral questions - Lead
Status
Answered
Tabled on
11 June 2007
For answer on
14 June 2007
Answered on
14 June 2007
As I explained to the hon. Member for Hornchurch (James Brokenshire), inflation has fallen in the past month. The consensus among independent forecasters is that it will be back on target by the end of the year.
Subjects
Inflation
Date
14 June 2007
Reference
461 c862; 142574
Chamber / Committee
House of Commons chamber
House
House of Commons
What the average retail prices index inflation rate was in the first quarter of (a) 1997 and (b) 2007; and if he will make a statement.
What the average retail prices index inflation rate was in the first quarter of (a) 1997 and (b) 2007; and if he will make a statement.
Asked by
James Brokenshire
(Conservative)
Answered by
John Healey
(Labour)
Answering body
Treasury
Oral questions - Lead
Status
Answered
Tabled on
11 June 2007
For answer on
14 June 2007
Answered on
14 June 2007
RPIX inflation averaged 3.7 per cent. in the first quarter of 2007, largely as a result of high energy prices and high food prices. It was down to 3.3 per cent. last month and independent forecasts expect inflation to be back at its target level by the end of the year. I hope that the hon. Gentleman will recognise that since the Bank of England gained its independence in 1997, the UK has had the best inflation performance for almost a century.
Subjects
Inflation
Date
14 June 2007
Reference
461 c857-8; 142567
Chamber / Committee
House of Commons chamber
House
House of Commons
To ask the Chancellor of the Exchequer (1) what steps he plans to take in response to recent trends in the rate of inflation;
To ask the Chancellor of the Exchequer (1) what steps he plans to take in response to recent trends in the rate of inflation;
Asked by
Andrew Rosindell
(Conservative)
Answered by
John Healey
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
24 April 2007
For answer on
26 April 2007
Answered on
1 May 2007
The Monetary Policy Committee (MPC) of the Bank of England has operational responsibility for the conduct of monetary policy. Under the Chancellor’s Remit for the MPC, the operational target for monetary policy is an underlying inflation rate (measured by the 12 month increase in the CPI) of 2 per cent. The Remit was last confirmed on 21 March 2007.The Treasury’s latest assessment of the economy was published in Budget 2007 (HC 342). Since then, Consumer Price Inflation turned out at 3.1 per cent. in March, This prompted an Open Letter from the Governor of the Bank of England and a reply from the Chancellor which further discussed recent developments and prospects for inflation.For its part, the Government will continue to be vigilant and disciplined in the fight against inflation. To that end, the Chancellor announced to Parliament on 1 March 2007 overall headline settlements for public sector workforces covered by Pay Review Bodies are to be less than the 2 per cent. inflation target in 2007-08.
Subjects
Inflation
Date
1 May 2007
Reference
134567; 459 c1624W
House
House of Commons
(2) what assessment his Department has made of the effects of recent trends in the rate of inflation on the British economy.
(2) what assessment his Department has made of the effects of recent trends in the rate of inflation on the British economy.
Asked by
Andrew Rosindell
(Conservative)
Answered by
John Healey
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
24 April 2007
For answer on
26 April 2007
Answered on
1 May 2007
The Monetary Policy Committee (MPC) of the Bank of England has operational responsibility for the conduct of monetary policy. Under the Chancellor’s Remit for the MPC, the operational target for monetary policy is an underlying inflation rate (measured by the 12 month increase in the CPI) of 2 per cent. The Remit was last confirmed on 21 March 2007.The Treasury’s latest assessment of the economy was published in Budget 2007 (HC 342). Since then, Consumer Price Inflation turned out at 3.1 per cent. in March, This prompted an Open Letter from the Governor of the Bank of England and a reply from the Chancellor which further discussed recent developments and prospects for inflation.For its part, the Government will continue to be vigilant and disciplined in the fight against inflation. To that end, the Chancellor announced to Parliament on 1 March 2007 overall headline settlements for public sector workforces covered by Pay Review Bodies are to be less than the 2 per cent. inflation target in 2007-08.
Subjects
Inflation
Date
1 May 2007
Reference
134574; 459 c1624W
House
House of Commons
To ask the Chancellor of the Exchequer what the (a) highest and (b) lowest estimates made by his Department have been of the likely level of construction inflation in London in each year from 2006 to 2012.
To ask the Chancellor of the Exchequer what the (a) highest and (b) lowest estimates made by his Department have been of the likely level of construction inflation in London in each year from 2006 to 2012.
Asked by
Lord Swire
(Conservative)
Answered by
John Healey
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
28 February 2007
For answer on
2 March 2007
Answered on
8 March 2007
HM Treasury does not produce forecasts of construction price inflation.
Subjects
Construction; Greater London; Inflation
Date
8 March 2007
Reference
457 c2226W;457 c2212W; 125376
House
House of Commons
To ask the Chancellor of the Exchequer what weighting for electrical goods is used by the Office of National Statistics when it calculates (a) the Consumer Price Index and (b) the Retail Price Index.
To ask the Chancellor of the Exchequer what weighting for electrical goods is used by the Office of National Statistics when it calculates (a) the Consumer Price Index and (b) the Retail Price Index.
Asked by
Alan Duncan
(Conservative)
Answered by
John Healey
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
31 January 2007
For answer on
5 February 2007
Answered on
5 February 2007
The information requested falls within the responsibility of the National Statistician who has been asked to reply.Letter from Karen Dunnell, dated 5th February 2007."As National Statistician, I have been asked to reply to your recent Parliamentary Question: what weighting for electrical ""goods is used by the Office of National Statistics when it calculates (a) the Consumer Price Index and (b) the Retail Price Index?(118918)""The table below shows the weighting in 2006 of electrical goods (as a percentage) within three categories of expenditure, in the Retail Prices Index (RPI) and Consumer Prices Index (CPI), alongside their respective price indicators."
| Percentage | |||
| Category | Weight in RPI | Weight in CPI | Indicators |
| Electrical appliances | 0.80 | 1.09 | Cooker—electric, Washing machine, Fridge/freezer, Microwave oven, Dishwasher, Vacuum cleaner, Cordless telephone handsets, Mobile phone handsets, Electric shower, Selected small appliances—eg iron, kettle, fan heater, Personal appliances—eg hair dryer, electric razor |
| Audio-visual equipment | 0.90 | 1.10 | Colour televisions—including widescreen, portable and flat panel sets, Video recorder, Portable CD/radio cassette player, Personal MP3 player, Audio systems, DVD player, Car CD/radio, PCs—desktop and laptop, PC peripherals |
| Other | 0.69 | 1.10 | Power points, Power tools—eg hammer drill, Table lamp, Light bulbs, Car batteries, Computer game consoles, Digital camera, Digital camcorders, Other cameras—including disposable, Lawnmowers |
| Total | 2.39 | 3.28 |
Subjects
Inflation
Date
5 February 2007
Reference
118918; 456 c740-2W;456 c742-4W
House
House of Commons
To ask the Chancellor of the Exchequer what his Department’s estimate is of the rate of (a) household inflation, (b) single pensioner household inflation and (c) pensioner household inflation.
To ask the Chancellor of the Exchequer what his Department’s estimate is of the rate of (a) household inflation, (b) single pensioner household inflation and (c) pensioner household inflation.
Asked by
Lord Spellar
(Labour)
Answered by
John Healey
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
16 January 2007
For answer on
18 January 2007
Answered on
2 February 2007
The information requested falls within the responsibility of the National Statistician, who has been asked to reply.Letter from Karen Dunnell, dated 2 February 2007:"As National Statistician, I have been asked to reply to your recent Parliamentary Question asking for an estimate of the rate of (a) household inflation, (b) single pensioner household inflation and (c) pensioner household inflation. (116944)""Retail Prices Index (RPI) is defined as an average measure of change in the prices of goods and services bought for the purpose of consumption by the vast majority of households in the UK. The Office for National Statistics (ONS) has recently published the RPI for December 2006 as 202.7, giving a percentage change over 12 months of 4.4%.""The weights for the RPI explicitly exclude data on households where the head of the household is retired (at least 65 years of age for men and 60 years or more for women) and economically inactive, and where at least three quarters of the household’s income is from state benefits. Although no general ““pensioner household”” index exists, separate indices are produced for one-pensioner and for two-pensioner households whose expenditure is excluded from the RPI weights, i.e. those who rely on state pensions and benefit for at least 75% of their income. This roughly relates to around 20% of all pensioners (there are very few private households consisting solely of three or more pensioners): These indices use the same price data as the RPI and are only published for quarters, rather than months. They make no allowance for the fact that pensioners may shop in different outlets and therefore experience different prices.""The one-person pensioner households index for the fourth quarter of 2006 stands at 176.6, a change of 5.7% over 12 months.""The two-person pensioner households index for the fourth quarter of 2006 stands at 179.2, a change of 4.4% over 12 months.""The corresponding value for the RPI for the fourth quarter of 2006, stands at 201.4, a change of 4.0% over 12 months.""The main differences from the RPI in the construction of the pensioner indices are as follows:""section weights are derived from information on expenditure by one-pensioner and two-pensioner households respectively;""canteen meals (including state school meals) and all housing sections are excluded;""Other items are also excluded, including NHS prescription, dental and eyesight test charges which are not paid by pensioners. For rail and bus fares, special pensioners' rail and bus fare indices are substituted for the normal index household indices to allow for fare concessions available in some areas.""The exclusion of housing sections was made on the grounds that the price indicators used in the all items RPI would not be appropriate and would overstate the price increases experienced by these pensioners as they would mostly be cushioned against some rises by rebates. Also, it would be technically difficult to compile separate house price indicator items for these households."
Subjects
Inflation
Date
2 February 2007
Reference
116944; 456 c566-7W;456 c568-9W
House
House of Commons
To ask the Chancellor of the Exchequer (1) when (a) he and (b) his officials were first informed of the Consumer Price Index inflation figures to be published on 16 January;
To ask the Chancellor of the Exchequer (1) when (a) he and (b) his officials were first informed of the Consumer Price Index inflation figures to be published on 16 January;
Asked by
David Gauke
(Conservative)
Answered by
John Healey
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
15 January 2007
For answer on
18 January 2007
Answered on
30 January 2007
[holding answers 18 January 2007]: As with other market sensitive statistics the National Statistics Code of Practice sets out pre-release access to the Consumer Price Indices for the Treasury and the Bank of England.The information on the availability to the Monetary Policy Committee of inflation data produced by the Office for National Statistics falls within the responsibility of the National Statistician. I have asked her to reply.Letter from Karen Dunnell, dated 30 January 2007:"As National Statistician I have been asked to reply to your recent Parliamentary Question about the availability to the Monetary Policy Committee (MPC) of the Bank of England of inflation data produced by the Office of National Statistics, prior to its public release. (116634)""Consistent with the National Statistics Code of Practice Protocol on Release Practices (Paragraph 4(f)) an estimate of the Consumer Prices Index (CPI) is given every month to a restricted list of named ministers and officials and the Governor of the Bank of England 40.5 hours before publication. The names of the people receiving privileged early access are published on the National Statistics website.""In addition in months when the MPC meets in the week immediately preceding publication of the CPI the ONS provides the Governor with an advance estimate of the CPI on the Wednesday afternoon prior to publication. Paragraphs 4(f)ii and 5.2 of the Release Practices Protocol provides for extensions to the usual privileged early access arrangements. Under the terms of this extension the Governor is free to share the advance estimate with the MPC and officials present at the Thursday morning meeting of the MPC. In the months when this extension applies a note is included in the ONS First Release.""Consistent with this extension an advance estimate of the CPI for December was sent to the Governor on the afternoon of 10 January. This was recorded in paragraph 19 of the Background Notes to the First Release published on 16 January. The published estimate was sent to the Governor at 5 p.m. on 12 January in line with the usual privileged early access arrangements."
Subjects
Inflation
Date
30 January 2007
Reference
116630; 456 c229-30W
House
House of Commons
(2) if he will make a statement on the availability to the Monetary Policy Committee of the Bank of England of inflation data produced by the Office of National Statistics prior to the public release of such data.
(2) if he will make a statement on the availability to the Monetary Policy Committee of the Bank of England of inflation data produced by the Office of National Statistics prior to the public release of such data.
Asked by
David Gauke
(Conservative)
Answered by
John Healey
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
15 January 2007
For answer on
18 January 2007
Answered on
30 January 2007
[holding answers 18 January 2007]: As with other market sensitive statistics the National Statistics Code of Practice sets out pre-release access to the Consumer Price Indices for the Treasury and the Bank of England.The information on the availability to the Monetary Policy Committee of inflation data produced by the Office for National Statistics falls within the responsibility of the National Statistician. I have asked her to reply.Letter from Karen Dunnell, dated 30 January 2007:"As National Statistician I have been asked to reply to your recent Parliamentary Question about the availability to the Monetary Policy Committee (MPC) of the Bank of England of inflation data produced by the Office of National Statistics, prior to its public release. (116634)""Consistent with the National Statistics Code of Practice Protocol on Release Practices (Paragraph 4(f)) an estimate of the Consumer Prices Index (CPI) is given every month to a restricted list of named ministers and officials and the Governor of the Bank of England 40.5 hours before publication. The names of the people receiving privileged early access are published on the National Statistics website.""In addition in months when the MPC meets in the week immediately preceding publication of the CPI the ONS provides the Governor with an advance estimate of the CPI on the Wednesday afternoon prior to publication. Paragraphs 4(f)ii and 5.2 of the Release Practices Protocol provides for extensions to the usual privileged early access arrangements. Under the terms of this extension the Governor is free to share the advance estimate with the MPC and officials present at the Thursday morning meeting of the MPC. In the months when this extension applies a note is included in the ONS First Release.""Consistent with this extension an advance estimate of the CPI for December was sent to the Governor on the afternoon of 10 January. This was recorded in paragraph 19 of the Background Notes to the First Release published on 16 January. The published estimate was sent to the Governor at 5 p.m. on 12 January in line with the usual privileged early access arrangements."
Subjects
Inflation
Date
30 January 2007
Reference
116634; 456 c229-30W
House
House of Commons
It is true that inflation has been going up across the world. It has been driven by energy prices, a hot summer and food prices. If the hon. Gentleman studies the economic data rather than the briefs that he has been handed, he will see that the peaks, and the instability, in inflation have been higher in other countries, and that we have had low stable inflation here. Inflation is now historically low and stable here compared with the levels under the Conservative Government, which averaged more than 6 per cent. and peaked at more than 20 per cent.
It is true that inflation has been going up across the world. It has been driven by energy prices, a hot summer and food prices. If the hon. Gentleman studies the economic data rather than the briefs that he has been handed, he will see that the peaks, and the instability, in inflation have been higher in other countries, and that we have had low stable inflation here. Inflation is now historically low and stable here compared with the levels under the Conservative Government, which averaged more than 6 per cent. and peaked at more than 20 per cent.
Answered by
John Healey
(Labour)
Asked by
Crispin Blunt
(Conservative)
Answering body
Treasury
Type
Oral answers to questions
Will the Minister confirm that even on his preferred measure of inflation—which does not reflect the reality faced by many families, whose experience is much worse—inflation is at its highest for 15 years, double the OECD average and double what it was when the Government came into office?
Subjects
Fees and charges; Inflation; Statistics; Students
Date
25 January 2007
Reference
455 c1536
Chamber / Committee
House of Commons chamber
House
House of Commons
It is right in principle that people who benefit from the university education system should contribute to the cost of that education. More people are going through university than at any time before, and some of them choose to work to help to pay their way. That has always been the case. The proof of the policies in place is whether more people are going to university and getting the training and opportunities that increasingly they need in the modern economy and the modern world—and the short answer to that is yes.
It is right in principle that people who benefit from the university education system should contribute to the cost of that education. More people are going through university than at any time before, and some of them choose to work to help to pay their way. That has always been the case. The proof of the policies in place is whether more people are going to university and getting the training and opportunities that increasingly they need in the modern economy and the modern world—and the short answer to that is yes.
Answered by
John Healey
(Labour)
Asked by
Justine Greening
(Conservative)
Answering body
Treasury
Type
Oral answers to questions
Obviously, as student fees rise, student debt rises too. The Chancellor will be well aware that many students pay their way through university via part-time work. Has he estimated how many might be at risk of not being able to pay their way through university via work if growth falters in the coming months?
Subjects
Fees and charges; Inflation; Statistics; Students
Date
25 January 2007
Reference
455 c1537
Chamber / Committee
House of Commons chamber
House
House of Commons