1-20 of 77 results for subject:Inflation
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1996
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House
Session
Month
Department
Member
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Primary member
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Answering member
Legislative stage
Legislation
Subject
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What was the annual rate of inflation in April of (i) 1993, (ii) 1994, (iii) 1995 and (iv) 1996. - Inc figs. (Holding answer 16 December 1996).
What was the annual rate of inflation in April of (i) 1993, (ii) 1994, (iii) 1995 and (iv) 1996. - Inc figs. (Holding answer 16 December 1996).
Asked by
John Stanley
(Conservative)
Answered by
Angela Knight
(Conservative)
Answering body
Treasury
Type
Written questions
Status
Answered
For answer on
17 December 1996
Answered on
17 December 1996
Sir John Stanley: To ask the Chancellor of the Exchequer what was the annual rate of inflation in April of (i) 1993, (ii) 1994,
(iii) 1995 and (iv) 1996. [9133]
Mrs. Angela Knight: [holding answer 16 December 1996]: The annual rate of inflation--measured by the retail prices index excluding
mortgage interest payments--in April 1993, 1994, 1995 and 1996 was 2.9 per cent. 2.3 per cent. 2.6 per cent. and 2.9 per cent.,
respectively.
Subjects
Inflation
Date
17 December 1996
Reference
9133; 287 c510W
House
House of Commons
What allowance he made for inflation in determining estate action allocations in (a) 1993 and (b) 1994. - Inc no figs.
What allowance he made for inflation in determining estate action allocations in (a) 1993 and (b) 1994. - Inc no figs.
Asked by
John Austin
(Labour)
Answered by
Paul Beresford
(Conservative)
Answering body
Department of the Environment
Type
Written questions
Status
Answered
For answer on
12 December 1996
Answered on
12 December 1996
Mr. Austin-Walker: To ask the Secretary of state for the Environment what allowance he made for inflation in determining estate
action allocations in (a) 1993 and (b)
1994; and if he will make statement. [8850]
Sir Paul Beresford: Local authorities were advised to make due allowance for inflation before submitting their bids for estate
action support to the Department. The amounts available to fund new and continuing estate action schemes in 1993-94 and 1994-95 were
determined by the public expenditure survey settlements.
Subjects
Finance; Housing improvement; Housing estates; Inflation; Single regeneration budget; Estate Action
Date
12 December 1996
Reference
8850; 287 c306W
House
House of Commons
Supplementary on effect of inflation on pensioners savings.
Supplementary on effect of inflation on pensioners savings.
Asked by
Hartley Booth
(Conservative)
Answering body
Department of Social Security
Oral questions - 1st Supplementary
Status
Answered
Answered on
10 December 1996
Subjects
Inflation; Personal savings
Date
10 December 1996
Reference
287 c105
Chamber / Committee
House of Commons chamber
House
House of Commons
Answered by
Lord Lilley
(Conservative)
Answering body
Department of Social Security
Type
Oral answers to questions
Subjects
Inflation; Personal savings
Date
10 December 1996
Reference
287 c105
Chamber / Committee
House of Commons chamber
House
House of Commons
Supplementary on low-inflation.
Supplementary on low-inflation.
Asked by
David Evennett
(Conservative)
Answering body
Treasury
Oral questions - 1st Supplementary
Status
Answered
Answered on
28 November 1996
Subjects
Inflation
Date
28 November 1996
Reference
286 c447
Chamber / Committee
House of Commons chamber
House
House of Commons
Supplementary on UK exporters and low inflation rates.
Supplementary on UK exporters and low inflation rates.
Asked by
Lord Pickles
(Conservative)
Answering body
Treasury
Oral questions - 1st Supplementary
Status
Answered
Answered on
28 November 1996
Subjects
Exports; Inflation
Date
28 November 1996
Reference
286 c455-6
Chamber / Committee
House of Commons chamber
House
House of Commons
Answered by
Angela Knight
(Conservative)
Answering body
Treasury
Type
Oral answers to questions
Subjects
Exports; Inflation
Date
28 November 1996
Reference
286 c455-6
Chamber / Committee
House of Commons chamber
House
House of Commons
Answered by
Lord Clarke of Nottingham
(Conservative)
Answering body
Treasury
Type
Oral answers to questions
Subjects
Inflation
Date
28 November 1996
Reference
286 c447
Chamber / Committee
House of Commons chamber
House
House of Commons
Answered by
John Major
(Conservative)
Answering body
Prime Minister
Type
Oral answers to questions
Subjects
Interest rates; Inflation
Date
14 November 1996
Reference
285 c481-3
Chamber / Committee
House of Commons chamber
House
House of Commons
Supplementary on inflation.
Supplementary on inflation.
Asked by
Tony Blair
(Labour)
Answering body
Prime Minister
Prime Minister's questions - 1st Supplementary
Status
Answered
Answered on
14 November 1996
Subjects
Interest rates; Inflation
Date
14 November 1996
Reference
285 c481-3
Chamber / Committee
House of Commons chamber
House
House of Commons
Whether the recent rise in the relative value of sterling was foreseen and whether there are any consequences for their future monetary and fiscal policies from a continued and sustained increase in the value of sterling.
Whether the recent rise in the relative value of sterling was foreseen and whether there are any consequences for their future monetary and fiscal policies from a continued and sustained increase in the value of sterling.
Asked by
Lord Spens
(Crossbench)
Answered by
Lord Mackay of Ardbrecknish
(Conservative)
Oral questions - Lead
Status
Answered
For answer on
11 November 1996
Answered on
11 November 1996
Subjects
Economic policy; Inflation; Monetary policy; Sterling; Exchange rates; Economic recession
Date
11 November 1996
Reference
575 c784
Chamber / Committee
House of Lords chamber
House
House of Lords
Answered by
Lord Mackay of Ardbrecknish
(Conservative)
Type
Oral answers to questions
Subjects
Economic policy; Inflation; Monetary policy; Sterling; Exchange rates; Economic recession
Date
11 November 1996
Reference
575 c784
Chamber / Committee
House of Lords chamber
House
House of Lords
1st supplementary on possibility of recession.
1st supplementary on possibility of recession.
Asked by
Lord Spens
(Crossbench)
Oral questions - 1st Supplementary
Status
Answered
Answered on
11 November 1996
Subjects
Economic policy; Inflation; Monetary policy; Sterling; Exchange rates; Economic recession
Date
11 November 1996
Reference
575 c784
Chamber / Committee
House of Lords chamber
House
House of Lords
Answered by
Lord Mackay of Ardbrecknish
(Conservative)
Asked by
Lord Spens
(Crossbench)
Type
Oral answers to questions
Whether the recent rise in the relative value of sterling was foreseen and whether there are any consequences for their future monetary and fiscal policies from a continued and sustained increase in the value of sterling.
Subjects
Economic policy; Inflation; Monetary policy; Sterling; Exchange rates; Economic recession
Date
11 November 1996
Reference
575 c784
Chamber / Committee
House of Lords chamber
House
House of Lords
If he will comment on the prospects for inflation into the next decade. (Failed OPQ)
If he will comment on the prospects for inflation into the next decade. (Failed OPQ)
Asked by
Sydney Chapman
(Conservative)
Answered by
Angela Knight
(Conservative)
Answering body
Treasury
Type
Written questions
Status
Answered
For answer on
31 October 1996
Answered on
31 October 1996
Sir Sydney Chapman: To ask the Chancellor of the Exchequer if he will make a statement on the prospects for inflation into the next
decade. [329]
Mrs. Angela Knight: The prospects are excellent. In recent years we have enjoyed the lowest inflation rate for almost half a
century, and the Government are determined that it should remain low.
Subjects
Economic situation; Economic policy; Inflation; Forecasts
Date
31 October 1996
Reference
329; 284 c251W
House
House of Commons
What was the average rate of inflation (a) between March 1974 and May 1979 and (b) since May 1979.
What was the average rate of inflation (a) between March 1974 and May 1979 and (b) since May 1979.
Asked by
Harry Greenway
(Conservative)
Answered by
Angela Knight
(Conservative)
Answering body
Treasury
Type
Written questions
Status
Answered
For answer on
31 October 1996
Answered on
31 October 1996
Mr. Harry Greenway: To ask the Chancellor of the Exchequer what was the average rate of inflation (a) between March 1974 and May
1979 and (b) since May 1979; and if he will make a statement. [995]
Mrs. Angela Knight: The average rate of year on year inflation measured by the retail prices index all items excluding mortgage
interest payments was 16 per cent. between March 1974 and May 1979. The average rate since May 1979 has been 6.3 per cent. Since the
Government's inflation target rate was set in October 1992, the average rate has been 2.8 per cent.
Subjects
Inflation; Retail prices index
Date
31 October 1996
Reference
995; 284 c251W
House
House of Commons
Queens Speech debate (sixth day) on the economy. Motion for an humble address agreed to. Amendment to loyal address negatived on division (283 to 305). Further amendment negatived on division (38 to 300).
Queens Speech debate (sixth day) on the economy. Motion for an humble address agreed to. Amendment to loyal address negatived on division (283 to 305). Further amendment negatived on division (38 to 300).
Lead member
Gordon Brown
Answering member
Lord Clarke of Nottingham
Department
Treasury; Leader of the House of Commons
Type
Queen's speech debates
Procedure
Addresses to the Crown
Subjects
Employment; Legislative process; House of Commons; Investment; Interest rates; Economic situation; Economic policy; Inflation; Public expenditure; Parliamentary procedure; Policy; Public sector net cash requirement; Parliamentary session; VAT
Date
30 October 1996
Reference
284 c658-758
Chamber / Committee
House of Commons chamber
House
House of Commons
Lords debate on Queens Speech (fifth day) on industrial and economic affairs. Amendment to humble address negatived on division (158-103). Motion that humble address be presented to Her Majesty agreed to on question.
Lords debate on Queens Speech (fifth day) on industrial and economic affairs. Amendment to humble address negatived on division (158-103). Motion that humble address be presented to Her Majesty agreed to on question.
Lead member
Lord Fraser of Carmyllie
Answering member
Lord Peston
Department
Department of Trade and Industry; Treasury
Type
Queen's speech debates
Procedure
Addresses to the Crown
Subjects
Deregulation initiative; ICT; Investment; Industry; Economic situation; Economic and monetary union; Economic policy; Social chapter; Economic growth; Inflation; Privatisation; Private finance initiative; Policy; Public sector net cash requirement; Small businesses; Technology; Unemployment; Science; Foreign investment in UK; Business links
Date
30 October 1996
Reference
575 c326-427
Chamber / Committee
House of Lords chamber
House
House of Lords
Statement on the recent annual meetings of the International Monetary Fund and the World Bank. - Including fact that copies of my speeches to the Commonwealth Finance Ministers' meeting, the Interim and Development Committees, the annual meeting, and the communiques of those meeting and the G10 Finance Ministers' meeting, have...
Statement on the recent annual meetings of the International Monetary Fund and the World Bank. - Including fact that copies of my speeches to the Commonwealth Finance Ministers' meeting, the Interim and Development Committees, the annual meeting, and the communiques of those meeting and the G10 Finance Ministers' meeting, have...
Asked by
Matthew Banks
(Conservative)
Answered by
Lord Clarke of Nottingham
(Conservative)
Answering body
Treasury
Type
Written questions
Status
Answered
For answer on
15 October 1996
Answered on
15 October 1996
Mr. Matthew Banks: To ask the Chancellor of the Exchequer if he will make a statement on the recent annual meetings of the
International Monetary Fund and the World bank. [40951]
Mr. Kenneth Clarke: I attended meetings of the IMF's Interim Committee and the IMF/World bank development committee in Washington on
29 and 30 September, and the IMF/World bank annual meeting on 1-2 October, where progress was made on several issues of importance
for the world economy and for developing countries. As usual, the IMF and World bank meetings were preceded by meetings of the G7
and G10 finance Ministers and central bank governors. I also attended the Commonwealth Finance Ministers' meeting in Bermuda on
24-26 September.
One of my top priorities for these meetings was the reduction in debt of the poorest, most indebted countries. I first launched an
initiative on this subject at the Commonwealth Finance Ministers' meeting in Valletta two years ago. This year the IMF/World bank
launched their own proposals in response to my initiative. These proposals were discussed in Bermuda and in Washington. I am
delighted to be able to tell the House that they were endorsed. All other Ministers in the Development Committee joined me in
calling for implementation to begin for the first potentially eligible countries before the end of 1996.
All major creditors--the IMF, World bank, and Paris Club--confirmed in Washington that they would play their part in delivering debt
sustainability. The World bank will do so through the creation of trust funds. It has already allocated $500 million, and expects to
contribute up to $2 billion in all. The IMF has undertaken to provide a combination of grants and loans which have longer maturities
and grace periods, thereby effecting a substantial reduction in the value of its share of debt. The Paris Club of official bilateral
creditors has agreed to go beyond Naples terms, on a case-by-case basis, up to 80 per cent. reduction of present value of claims.
This is something the British Government have been advocating for many years, since it was first proposed by my right hon. Friend
the Prime Minister, then Chancellor of the Exchequer, in 1990.
I regard agreement on this initiative, which the Prime Minister and I have advocated at successive international meetings over the
last two years, as a major achievement. In the timescale of international economic diplomacy, two years from my first outline
proposal to worldwide agreement on implementing a detailed scheme is good going. I am grateful to those who have worked to help us
get there, including the voluntary organisations which have kept up the international pressure for action, as well as the officials
of the international organisations who have helped put the pieces in place. We now have a scheme that offers real hope to some of
the world's poorest countries. I will continue to work to ensure it is implemented in a flexible and common sense way by the
institutions concerned, to give countries that qualify an early and lasting exit from unsustainable debt.
I will also work to try to ensure that poor countries do not slip back into unsustainable debt, and that all developing countries
have the best possible access to work markets and flows of private sector capital. I was therefore glad that, at the Commonwealth
Finance Minister's meeting in Bermuda, Ministers agreed on the need for donors and creditors to discourage the financing of
unproductive spending in developing countries. At Bermuda also, Ministers stressed the importance of an open, rules-based and
non-discriminatory multilateral trading system. Ministers also discussed the rapid expansion in private capital flows, acknowledging
their importance in promoting economic growth and investment. I pointed out the need for financial sector reform and liberalisation
of the capital account. At my request, a small working group of Finance Ministry officials from Commonwealth countries will now
study the role of national and international policies in encouraging private capital flows for investment.
Following another UK initiative, Ministers in Bermuda endorsed the new and updated 40 recommendations agreed by the financial action
task force at the end of June 1996, which set out the measures countries should take to combat money laundering. In addition, we
approved the publication of a comprehensive set of guidelines, prepared by the Commonwealth Secretariat, to help Commonwealth
countries with the practical implementation of their anti-money-laundering strategies. Ministers also supported the establishment of
regional groups--modelled on the Caribbean FATF--to enable Commonwealth countries to review their progress in implementing anti
money laundering measures. We also urged the IMF and the World bank to take full account of the need for countries to maintain
effective anti-money laundering systems in their surveillance activities and in their provision of technical assistance.
At the G7 meeting in Washington, we reviewed economic and financial market developments in the world economy and assessed the
outlook for the G7 economies. In G7 countries, inflation remains at low levels, efforts are being made to reduce fiscal deficits,
and external imbalances have receded. We agreed that policies should continue to be directed at sustaining non-inflationary growth
and reduction of imbalances. We reaffirmed our standing commitment to co-operate closely in the exchange markets. At the request of
my US and Canadian colleagues, we had a useful discussion about progress towards EMU.
We met representatives of the European Commission and the senior Russian economic team on developments in the Russian economy and
progress on economic reform. We agreed that Russia has made significant progress in the area of macroeconomic stabilisation. We also
agreed on the importance of strengthening Russia's fiscal balances in consolidating the gains it has made to date, and on the
importance of adhering to the structural reform programme agreed with the IMF.
We reviewed the progress achieved and the considerable work underway to implement the initiatives arising from the last year's
halifax Summit, and this discussion was continued in the G10 and Interim Committee.
The G10 discussed issues relating to international monetary and financial stability. We welcomed the progress that has been made
towards the establishment of the new arrangements to borrow. I emphasised the benefits these arrangements would bring, not only
through increasing the resources available to the IMF in the case of a threat to the stability of the international monetary system,
but also in involving in the facility a wider range of countries including some of the emerging market economies, recognising their
interest in the stability of the international financial system.
At the IMF Interim Committee, I stressed the importance of freedom of capital movement, and the benefits for countries that have not
already done so of making careful progress in dismantling their remaining capital controls. I called on the IMF to help its members
in this process, and I launched a proposal to bring the IMF's articles up to date to recognise its role in this area. Other
Ministers supported my call to the IMF to revisit its role in relation to capital liberalisation, and to consider whether its
present articles should be revised to reflect and promote the fund's proper role in encouraging capital liberalisation and helping
member countries reap the full benefits of international capital flows. The Interim Committee agreed to discuss this at its next
meeting in the spring.
We also agreed a new declaration--an update to the one first agreed in Madrid two years ago--on the partnership for sustainable
global growth. This included calls to achieve budget balance, improve fiscal transparency, tackle corruption, prevent money
laundering, encourage freedom of capital movements, and ensure the soundness of banking systems.
In the Development Committee, I stressed the importance of trade and development, and in particular giving poor countries the
opportunity for growth through access to world markets. Many Ministers joined me in support for the President of the World Trade
Organisation's proposals that developed countries should provide access duty-free to all the exports of least developed countries.
Copies of my speeches to the Commonwealth Finance Minsters' meeting, the Interim and Development Committees, the annual meeting, and
the communiques of those meeting and the G10 Finance Ministers' meeting, have been placed in the Library of the House. The G7 did
not on this occasion issue a communique.
Subjects
Debts; Developing countries; Debts written off; International cooperation; Duty free allowances; International Monetary Fund; Inflation; Proceeds of crime; Loans; Trade; World Bank; Russia; World Trade Organization; G7; World economy; G10
Date
15 October 1996
Reference
40951; 282 c838-41W;282 c836-9W
House
House of Commons
If he will list the monthly figures for (a) M4, (b) M3, (c) inflation, (d) growth and (e) interest rates for the period 1979 to 1995. - Includes ref to 'Financial Statistics and Economic Trends' and 'Economic Trends Annual Supplement'.
If he will list the monthly figures for (a) M4, (b) M3, (c) inflation, (d) growth and (e) interest rates for the period 1979 to 1995. - Includes ref to 'Financial Statistics and Economic Trends' and 'Economic Trends Annual Supplement'.
Asked by
Lord Trimble
(Ulster Unionist Party)
Answered by
Angela Knight
(Conservative)
Answering body
Treasury
Type
Written questions
Status
Answered
For answer on
14 October 1996
Answered on
14 October 1996
Mr. Trimble: To ask the Chancellor of the Exchequer if he will list the monthly figures for (a) M4, (b) M3, (c) inflation, (d)
growth and (e) interest rates for the period 1979 to 1995. [39907]
Mrs. Angela Knight: The data requested are published in the relevant tables in "Financial Statistics and Economic Trends" for the
latest data, and in the "Economic Trends Annual Supplement" for historical data. M3 data are not available after July 1989, and
monthly M4 data are not available before 1982. All these publications are available from the House Library.
Subjects
Interest rates; Economic situation; Inflation; Retail prices index; Money markets; Money supply
Date
14 October 1996
Reference
39907; 282 c701W;282 c698W
House
House of Commons