1-11 of 11 results for subject:Inflation
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Pay (11)
Publisher
Deposited by
Treasury
Type
Deposited papers
Author
Treasury
Committed on
13 July 2006
Originated on
13 July 2006
Received on
13 July 2006
Subjects
Inflation; Oil; Pay; Prices; Pay settlements; Consumer prices index
Lords Library location
HINF 2006/1632
Date
13 July 2006
Reference
HINF 2006/1632
House
House of Commons
The Bank of England inflation report set out yesterday states that we expect to meet our inflation target this year, next year and in subsequent years, as we have done each and every year since we came to power. To lock in public sector pay discipline and to maintain the momentum of a strengthening economy, we are today writing to all Departments to make it clear that public sector pay settlements must, in future, also be founded on meeting the 2 per cent. inflation target.
The Bank of England inflation report set out yesterday states that we expect to meet our inflation target this year, next year and in subsequent years, as we have done each and every year since we came to power. To lock in public sector pay discipline and to maintain the momentum of a strengthening economy, we are today writing to all Departments to make it clear that public sector pay settlements must, in future, also be founded on meeting the 2 per cent. inflation target.
Answered by
Gordon Brown
(Labour)
Asked by
Sharon Hodgson
(Labour)
Answering body
Treasury
Type
Oral answers to questions
What recent representations he has received on the inflation target; and if he will make a statement.
Subjects
Inflation; Pay; Public sector
Date
11 May 2006
Reference
446 c490
Chamber / Committee
House of Commons chamber
House
House of Commons
I am grateful to my hon. Friend. Not only in her constituency, but in those of all Opposition Members, unemployment has fallen substantially since 1997. That includes long-term unemployment and it is important to note that long-term youth unemployment, about which many people were so concerned, has been virtually eliminated. By having a stable macro-economic framework, we have managed to combine low inflation with high employment. We intend to continue with that, but it is possible only if we adopt active labour market measures such as the new deal for skills and jobs. It is a tragedy that both Opposition parties want to abolish it.
I am grateful to my hon. Friend. Not only in her constituency, but in those of all Opposition Members, unemployment has fallen substantially since 1997. That includes long-term unemployment and it is important to note that long-term youth unemployment, about which many people were so concerned, has been virtually eliminated. By having a stable macro-economic framework, we have managed to combine low inflation with high employment. We intend to continue with that, but it is possible only if we adopt active labour market measures such as the new deal for skills and jobs. It is a tragedy that both Opposition parties want to abolish it.
Answered by
Gordon Brown
(Labour)
Asked by
Sharon Hodgson
(Labour)
Answering body
Treasury
Type
Oral answers to questions
I thank the Chancellor for his reply. As he is well aware, unemployment in my constituency has fallen by more than 50 per cent. since 1997. What assessment has he made of the UK’s combination of unemployment and inflation since 1997?
Subjects
Inflation; Pay; Public sector
Date
11 May 2006
Reference
446 c490-1
Chamber / Committee
House of Commons chamber
House
House of Commons
I thank the Chancellor for his reply. As he is well aware, unemployment in my constituency has fallen by more than 50 per cent. since 1997. What assessment has he made of the UK’s combination of unemployment and inflation since 1997?
I thank the Chancellor for his reply. As he is well aware, unemployment in my constituency has fallen by more than 50 per cent. since 1997. What assessment has he made of the UK’s combination of unemployment and inflation since 1997?
Asked by
Sharon Hodgson
(Labour)
Answering body
Treasury
Oral questions - 1st Supplementary
Status
Answered
Answered on
11 May 2006
I am grateful to my hon. Friend. Not only in her constituency, but in those of all Opposition Members, unemployment has fallen substantially since 1997. That includes long-term unemployment and it is important to note that long-term youth unemployment, about which many people were so concerned, has been virtually eliminated. By having a stable macro-economic framework, we have managed to combine low inflation with high employment. We intend to continue with that, but it is possible only if we adopt active labour market measures such as the new deal for skills and jobs. It is a tragedy that both Opposition parties want to abolish it.
Subjects
Inflation; Pay; Public sector; Unemployment
Date
11 May 2006
Reference
446 c490-1
Chamber / Committee
House of Commons chamber
House
House of Commons
I hate to supply the hon. Gentleman with this information, but when we sold the gold, we bought euros, which are rising in value. That must be uncomfortable information for him. If I had taken his advice, I would not have made the Bank of England independent, which would have been a terrible mistake, so I shall think twice before taking his advice on anything.
I hate to supply the hon. Gentleman with this information, but when we sold the gold, we bought euros, which are rising in value. That must be uncomfortable information for him. If I had taken his advice, I would not have made the Bank of England independent, which would have been a terrible mistake, so I shall think twice before taking his advice on anything.
Answered by
Gordon Brown
(Labour)
Asked by
Peter Tapsell
(Conservative)
Answering body
Treasury
Type
Oral answers to questions
As the Chancellor is predicting low inflation, why is it the case that, since he sold more than half our gold reserves—a course that I strongly argued against at the time—the price of gold has far more than doubled? Yesterday, the sterling price of gold reached an all-time historic high, so his act in selling that gold has cost British taxpayers more than £3 billion—enough to repair all the crumbling churches in this country and to provide dozens of new academies.
Subjects
Inflation; Pay; Public sector
Date
11 May 2006
Reference
446 c491
Chamber / Committee
House of Commons chamber
House
House of Commons
As the Chancellor is predicting low inflation, why is it the case that, since he sold more than half our gold reserves—a course that I strongly argued against at the time—the price of gold has far more than doubled? Yesterday, the sterling price of gold reached an all-time historic high, so his act in selling that gold has cost British taxpayers more than £3 billion—enough to repair all the crumbling churches in this country and to provide dozens of new academies.
As the Chancellor is predicting low inflation, why is it the case that, since he sold more than half our gold reserves—a course that I strongly argued against at the time—the price of gold has far more than doubled? Yesterday, the sterling price of gold reached an all-time historic high, so his act in selling that gold has cost British taxpayers more than £3 billion—enough to repair all the crumbling churches in this country and to provide dozens of new academies.
Asked by
Peter Tapsell
(Conservative)
Answering body
Treasury
Oral questions - Supplementary
Status
Answered
Answered on
11 May 2006
I hate to supply the hon. Gentleman with this information, but when we sold the gold, we bought euros, which are rising in value. That must be uncomfortable information for him. If I had taken his advice, I would not have made the Bank of England independent, which would have been a terrible mistake, so I shall think twice before taking his advice on anything.
Subjects
Inflation; Gold and foreign exchange reserves; Pay; Public sector
Date
11 May 2006
Reference
446 c491
Chamber / Committee
House of Commons chamber
House
House of Commons
It is sad that, as a result of the doubling of oil prices, we have seen domestic gas and electricity prices and the cost of energy for industry rising. In other decades in which oil prices doubled—in fact, over a period of years, it has trebled—the British economy would have been forced into recession as a result of excessively high inflation. Most people realise that when America, the euro area, Japan and even China are putting up interest rates, Britain has by comparison managed to keep both low inflation and higher growth in the economy. That is the result of the macro-economic framework that has enabled us to deal with difficulties, one of the greatest of which is high energy prices, as they arise. We will continue to pursue a policy of low inflation and higher growth.
It is sad that, as a result of the doubling of oil prices, we have seen domestic gas and electricity prices and the cost of energy for industry rising. In other decades in which oil prices doubled—in fact, over a period of years, it has trebled—the British economy would have been forced into recession as a result of excessively high inflation. Most people realise that when America, the euro area, Japan and even China are putting up interest rates, Britain has by comparison managed to keep both low inflation and higher growth in the economy. That is the result of the macro-economic framework that has enabled us to deal with difficulties, one of the greatest of which is high energy prices, as they arise. We will continue to pursue a policy of low inflation and higher growth.
Answered by
Gordon Brown
(Labour)
Asked by
Brian H Donohoe
(Labour)
Answering body
Treasury
Type
Oral answers to questions
How has it been possible to maintain such low inflation, which has been very helpful to local industries in my constituency, while energy prices, particularly oil, have soared in price? What is the Chancellor going to do about that?
Subjects
Inflation; Pay; Public sector
Date
11 May 2006
Reference
446 c491
Chamber / Committee
House of Commons chamber
House
House of Commons
How has it been possible to maintain such low inflation, which has been very helpful to local industries in my constituency, while energy prices, particularly oil, have soared in price? What is the Chancellor going to do about that?
How has it been possible to maintain such low inflation, which has been very helpful to local industries in my constituency, while energy prices, particularly oil, have soared in price? What is the Chancellor going to do about that?
Asked by
Brian H Donohoe
(Labour)
Answering body
Treasury
Oral questions - Supplementary
Status
Answered
Answered on
11 May 2006
It is sad that, as a result of the doubling of oil prices, we have seen domestic gas and electricity prices and the cost of energy for industry rising. In other decades in which oil prices doubled—in fact, over a period of years, it has trebled—the British economy would have been forced into recession as a result of excessively high inflation. Most people realise that when America, the euro area, Japan and even China are putting up interest rates, Britain has by comparison managed to keep both low inflation and higher growth in the economy. That is the result of the macro-economic framework that has enabled us to deal with difficulties, one of the greatest of which is high energy prices, as they arise. We will continue to pursue a policy of low inflation and higher growth.
Subjects
Inflation; Oil; Prices; Pay; Public sector
Date
11 May 2006
Reference
446 c491
Chamber / Committee
House of Commons chamber
House
House of Commons
Inflation is forecast to remain relatively low for the new few years, but construction inflation is forecast to rise by 5 per cent.—double the overall rate—by 2008. It is driven mainly by pressure to complete developments for the Olympic games. What measures will the Treasury put in place to monitor construction inflation to ensure that it does not spiral out of control, dragging the overall inflation rate with it?
Inflation is forecast to remain relatively low for the new few years, but construction inflation is forecast to rise by 5 per cent.—double the overall rate—by 2008. It is driven mainly by pressure to complete developments for the Olympic games. What measures will the Treasury put in place to monitor construction inflation to ensure that it does not spiral out of control, dragging the overall inflation rate with it?
Asked by
Stewart Hosie
(Scottish National Party)
Answering body
Treasury
Oral questions - Supplementary
Status
Answered
Answered on
11 May 2006
As the hon. Gentleman knows, the construction industry is increasing in strength as a result of major public and private investments in all areas of the country. Of course, where there are skills shortages, there are pressures on inflation in the industry. That is why we have a training and skills policy. We will continue to invest in training and skills and in apprenticeships for construction and other workers. I hope that the parties that oppose the new deal will now support it so that we can get on with that job.
Subjects
Construction; Inflation; Pay; Public sector
Date
11 May 2006
Reference
446 c491-2
Chamber / Committee
House of Commons chamber
House
House of Commons
As the hon. Gentleman knows, the construction industry is increasing in strength as a result of major public and private investments in all areas of the country. Of course, where there are skills shortages, there are pressures on inflation in the industry. That is why we have a training and skills policy. We will continue to invest in training and skills and in apprenticeships for construction and other workers. I hope that the parties that oppose the new deal will now support it so that we can get on with that job.
As the hon. Gentleman knows, the construction industry is increasing in strength as a result of major public and private investments in all areas of the country. Of course, where there are skills shortages, there are pressures on inflation in the industry. That is why we have a training and skills policy. We will continue to invest in training and skills and in apprenticeships for construction and other workers. I hope that the parties that oppose the new deal will now support it so that we can get on with that job.
Answered by
Gordon Brown
(Labour)
Asked by
Stewart Hosie
(Scottish National Party)
Answering body
Treasury
Type
Oral answers to questions
Inflation is forecast to remain relatively low for the new few years, but construction inflation is forecast to rise by 5 per cent.—double the overall rate—by 2008. It is driven mainly by pressure to complete developments for the Olympic games. What measures will the Treasury put in place to monitor construction inflation to ensure that it does not spiral out of control, dragging the overall inflation rate with it?
Subjects
Inflation; Pay; Public sector
Date
11 May 2006
Reference
446 c491-2
Chamber / Committee
House of Commons chamber
House
House of Commons
What recent representations he has received on the inflation target; and if he will make a statement.
What recent representations he has received on the inflation target; and if he will make a statement.
Asked by
Sharon Hodgson
(Labour)
Answered by
Gordon Brown
(Labour)
Answering body
Treasury
Oral questions - Lead
Status
Answered
Tabled on
8 May 2006
For answer on
11 May 2006
Answered on
11 May 2006
The Bank of England inflation report set out yesterday states that we expect to meet our inflation target this year, next year and in subsequent years, as we have done each and every year since we came to power. To lock in public sector pay discipline and to maintain the momentum of a strengthening economy, we are today writing to all Departments to make it clear that public sector pay settlements must, in future, also be founded on meeting the 2 per cent. inflation target.
Subjects
Inflation; Pay; Public sector
Date
11 May 2006
Reference
446 c490; 69706
Chamber / Committee
House of Commons chamber
House
House of Commons