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the europeans would be better off if they adopted our excellent models and the rules that the chancellor follows, especially his golden rules. let us consider the symmetrical inflation targets that the chancellor introduced for the bank of england. they are 2.5 per cent. inflation plus or minus 1 per cent.; in other words, we reflate if inflation is too low. however, the european central bank has a ceiling and no floor, which makes it inherently deflationary.

No

I am referring to the year 1996. At that time we had an inflation rate of 1.3 percent. They granted public sector employees a one-off payment of 300 DM and thus significantly reduced the base effect.

No

the us has created almost 10 times more green jobs in the seven months since the passage of the inflation reduction act than the uk has created in the past seven years. that is why british business is deeply worried.

No

by 1979 when labour left office [interruption.]conservative members want to know about the record: let them listen to it then. by 1979, when labour left office, inflation was at 10.3 per cent.

No

i am grateful to the hon. gentleman for that intervention. the government are on a journey to get the national living wage to two thirds of the median income, and they are making good, above-inflation progress to get there. we have to balance the needs of the recipients of hourly rates against the viability of the businesses that pay them; they need to thrive as well.

No

gentleman misunderstands the importance of interest rates. nobody wants interest rates to be unduly high, but we need to ensure that we have a low inflation economy. that is the means to ensure that we have it. has my right hon. friend noted that for the last four months inflation has been running at about 1.9 per cent. per annum? does not that show that the government's policy of reducing inflation is working? does not such a policy offer a far more certain way towards eventual interest rate reductions than the soft option advocated by the leader of the opposition by way of a devaluation?

No

my hon. friend the financial secretary demonstrated conclusively in his speech at the end of wednesday's debate that all experience teaches that overwhelmingly the effect of that would be higher inflation leading to higher unemployment. that has been the history of every attempt at reflation since the war.

No

at the beginning of this year, united kingdom interest rates were two points higher than dollar rates, whereas today they are a point lower. yet our effective exchange rate is stable and inflation is falling rather faster than most commentators were predicting even at the time of the budget. the moral of this experience is that excessive deficit financing is debilitating at home and potentially damaging abroad.

Yes

This includes reasonable agricultural producer prices. Unfortunately, what you have brought in, Mr Minister, cannot meet with our approval, because the net increase rate should not and must not be below the inflation rate. Because the farmers have already tightened their belts in recent years - as your report shows.

No

what matters is that we go on being an economy that wants to attract businesses, growth and jobs. that means keeping our inflation down, keeping our taxes down, keeping our corporate taxes down and, i would also argue, keeping our country together. if the government will ensure that the statutory maximum for a disabled facilities grant increases in line with inflation. i am grateful to the right hon.

No

The SPD post ministers managed to more than double the German Federal Post's debt burden of 16.6 billion DM at the end of 1969 - and this required 20 years of reconstruction - to around 41 billion DM within just six years. In addition to the inflationary development, for which the federal government bears responsibility, the following wrong decisions in particular must be clearly addressed. Despite the decline in telephone demand, Mr. Ehmke initiated a third drastic increase in fees in 1973, in which, for example, the connection costs for telephones were increased by 66 2/3%, the basic fee by 23% and the call fee by 9%.

Yes

my constituents in enfield north want a government who deliver for them.

No

What the prices look like in the international landscape has also been shown several times today. Ladies and gentlemen, even if Mr. Hocherl calls this a constant warming up of a stew, I have to add for the sake of completeness: we would not have had the price increases of the last few months in the Federal Republic to this extent if you, the CDU/CSU, had the economic situation and price policy situation in 1969 had not been completely misjudged and had not refused to take the necessary measures suggested by Professor Schiller - that was not just the revaluation. once again about the international price situation.

Yes

we are getting on and delivering for this country. yes, inflation is a challenge, which is why we are on track to keep reducing it. we are reducing waiting lists and stopping the boats, all while he is focused on the past and focused on the politics.

No

It would have to be increased to 20,000 DM roughly parallel to the other allowances. Here with the tax allowances we see the whole problem of combining a tax reform, which must contain fixed tax allowances, with the further development of monetary devaluation, the resulting wage increase, the resulting entry, e.g. b.

No

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No

cgil, which we took up in the parliamentary debate last month, which very simply argued: well, we are also willing to face this sacrifice, as long as there is an adequate compensation that can allow a wide-ranging response in terms of inflation! that request and the compensation that we have been discussing for years now, and which we continually fill our mouths with.

No

even taking into consideration the reduction in petrol sales as people move to diesel, there is still a net increase in diesel demand. at the start of those three quarters, diesel was 92p a litre, and it ended at 97p a litre a 5 per cent.-plus increase, or twice the annual rate of inflation, in only nine months. those who argue that there is elasticity in fuel demand should look at the figures from the department for business, enterprise and regulatory reform.

No

the ground rents in older leases tended to be a fairly small proportion of the total cost, but in recent years modern developers have hiked the ground rents, often doubling them every 10 years. the so-called proposals to modify this with reference to the retail prices index could lead to an even greater scam, because if inflation started to rise, ground rents could double not every 10 years but every five years. we need to look very carefully at that proposal.

No

, president of the council of ministers. the government does not intend to attribute merits that are not its own, and therefore someone who wants to do the calculation of the merits more precisely should do so (I am talking about the economic situation); I just want to observe that, if inflation in the month of July of the Lord's year 1984 had remained at the levels of July 1983, someone would certainly have stood up, someone would have stood up and said that we didn't do what we had to do... . bettinocraxi. , president of the council of ministers. ...that the decision on the decree was perfectly useless, that it would have had no influence because inflation did not drop one point. and then someone else would get up and make another different criticism.

No

asked the chancellor of the exchequer whether he will make a statement upon the different movement of wage increases in the public and private sectors, and their implications for the government's anti-inflationary policies. will the right hon.

No

gentleman talks of a 17 per cent. inflation rate, so it is not a massive cut. if anything, it is a very slight cut, and it may indeed be no cut at all.

No

therefore balancing the trade balance is one of the underlying objectives, and at the same time an effect and a cause, which must be commensurate with the policy of industrial recovery. the measures that have been adopted on a fiscal level by the government have been clearly oriented towards a containment of those private consumptions which largely affect the deficit of the trade balance, as well as working directly towards a reduction in inflation, which today, rightly, unanimously, political forces believe it to be the fundamental objective of the economic policy that the country must propose. therefore the decree-law operates in this last direction and in the direction not so much and not only of the containment of labor costs, but rather of the containment of the cost per unit of product, of which the cost of labor is one of the components.

Yes

how have the government reacted to this situation? they have tried to tackle the problem of inflation by reducing the rate of growth. they have done exactly what the old adage tells usthey have thrown out the baby with the bath water.

No

the socialist party made it the headline of one of its political campaigns, not forgetting that that book begins with these words: <<the worst is ahead of us, but the crisis is undoubtedly over>>. the overall balance of 1984 is positive: the gross product has increased, inflation has decreased to levels not known for eleven years, the balance of payments has maintained its equilibrium despite the persistence of high inflation differentials compared to the others industrialized countries, but unemployment in Italy, as in other European countries, is increasing. there are many who plan the magnificent and progressive destiny of the American model, only to then remain attached to the logic of penalizing investments and favoring financial returns.

No

They have not yet taken up this offer. The fact that you and you, ladies and gentlemen from the government coalition, are so opposed to social housing being included in the housing benefit law in any case, leads me to the conclusion that you are expecting further price increases in housing construction. With your policy, Mr. Minister, of continually pumping in new funds without ensuring that the housing and construction industries become more efficient, you will unfortunately be right with your forecasts at the expense of those who would like to apply for housing benefit.

No

it would be quite wrong to restrict the rate of growth of the money supply in a way which would hinder the rate of economic growth at which we are aiming and which we are determined to achieve. on the other hand, there is no doubt that an excessive rate of growth of the money supply can add to inflation. a week ago today i concluded that it was right to raise the bank rate by 1 per cent.

Yes

member for sutton cold-field readily accepted that by excluding the disabled passenger and helping only the disabled driver the present scheme is unfair as well as anomalous. he referred to inflation and the need for reviews. as he mentioned, there is an amendment on the order paper, which he discussed together with the main proposition.

No

i and the government realise that the greatest single problem facing this country at the moment is cost inflation. i must keep repeating, as must all government spokesmen, that this is the country's single greatest problem.

No

i accept that and believe it to be desirable. but even so, i cannot accept that the act has been in operation long enough to have contributed substantially to the inflation which has taken place. it does not seem that that is an argument which can be supported by any evidence. there are many reasons why the inflation in housing prices has taken place, but i seriously doubt whether that is a major one. at the same time, a point which is not completely appreciatedi accept that this is at the moment unverifiableis that the system of surpluses and subsidies is likely to help local authorities to build more houses.

Yes

when the trade descriptions act became law the complaints were incredible and i could recount many complaints which i have heard during the past few days. nevertheless inflation is with us and we must attempt somehow to stop it. i attended a conference in july when many of our leading economists lectured about inflation for 10 minutes at a time, under the auspices of the institute of economic affairs. we were five storeys up.

No

i hope, too, that the imf agreement and the measures i have announced will enable us to see interest rates fall from their present exceptional levels while keeping control of the monetary aggregates. this reduction in interest rates may be slow at first, but should move faster as the balance of payments and the rate of inflation both improve. we shall, however, need the existing range of credit controls for the present, perhaps with technical adjustments to special deposits arising from success with gilt sales.

No

asked the prime minister if the public speech of the secretary of state for foreign and commonwealth affairs at kinross on 20th november referring to inflation represents the policy of her majesty's government.

No

i shall simply say that any hon. member who had a conversation with industrialists in 1981 82, and who had that conversation 500 times, as i did during the west midlands initiative, was left in no doubt that their concern centred on inflation, interest rates, exchange rates and public utility costs. we must agree that the same conversation today would produce a less vivid account of the strength of the difficulties facing industrialists.

No

this greater burden will fall on consumers of petroleum products, therefore on hauliers and individual citizens who use means of transport. the aforementioned mixing obligation is a source of inflationary growth, on the one hand, and of a penalization of consumers, on the other hand. we have always maintained that the only way to give a boost to the production of bioenergy, bioethanol and biodiesel is a strong reduction in excise duties.

Yes

that increase is appalling, and it is almost entirely down to the rise in fuel prices. indeed, it has been estimated that the fuel poverty rate for 2013 would have been 11% rather than 39%, if fuel prices had risen in line with inflation between 2002 and 2013. that demonstrates a fundamental failure of the uk regulated energy market.the uk government's approach is to give lectures on switching, but that will not fix the problem.

Yes

bogi. even as a percentage of national income, but, as I was saying, well beyond inflation; it therefore had a real increase, so much so that for 1983 it is estimated at over 2,000 billion. this means - I am responding precisely to the observation that my colleague Bernardi was now making - that the possibility of further expanding the advertising budget is one of the effects that can consistently be foreseen.

No

it will all make a difference. the institute for fiscal studies is independent of government, but in its report a couple of weeks ago it said that the temporary cut in vat that is now in place would be a more effective"stimulus measure than its critics suggest."in addition, the forecasts in the inflation report that the bank of england published yesterday made the point that the vat reduction and the other stimulus that we have put in place, together with the effects of monetary policy and falling energy prices, will make a difference.i know that many small businesses are finding it very difficult at the moment to make ends meet, and that many of their customers are cutting back on what they are doing. that is all the more reason, i would have thought, to support putting more money into the economy.

No

friend is absolutely right: the last thing that the economy needs at the moment is any party coming forward with more unfunded spending cuts. it is why the institute for fiscal studies has raised concerns about an increase in interest rates and inflation if labour were to come to power and spend an additional 28 billion, which i believe even the shadow chancellor herself has confessed would be reckless.

No

the government are proposing to reform the rating system for industry in order to lift a real burden from industry in various parts of the country. business rates have now been regularly increasing over many years by much more than the rate of inflation. by 1985, if we leave out north sea operations and look at the land-based economy, british firms were paying as much in business rates as in corporation tax.

No

i congratulate my right hon. friend on keeping the additional cost to industry of the national insurance contribution below the level of inflation. will he reconsider the question of energy costs and nationalised industry prices generally?

No

so what could appear as a minor intervention, as an irrelevant damage, that is to say having passed a life-saving drug that costs 3,100 lire from one band to another, actually turns out to be such when 15 or 30 days later , or when attention to the problem disappears, the pharmaceutical company is free to triple, quintuple or even tenfold the price. I therefore wonder if behind this stubborn will on the part of pharmaceutical companies not to adjust the price of drugs to keep it in band A, there is not really the will to make them move into band C to then have a free hand in increasing prices. Mr. Undersecretary, beyond these considerations, I would like to ask you to also consult the cuf to understand if it is true that these drugs are truly indispensable, life-saving.

No

the retail price index measures the decline in the value of that money. we are talking about determining a true non-inflationary monetary gain. this has nothing to do with the particular price of coal, land or anything else. first, does my hon.

No

a further element of uncertainty, in a positive sense, depends on the resources that the government will be able to find by implementing more efficient innovative procedures for public administration purchases. these resources will be used to ensure financial coverage of development support interventions, particularly in the southern areas, and of other expenditure recomposition and redevelopment interventions; health spending, in this regard, without prejudice to the need for timely monitoring, with particular reference to the factors that determine its increase, the initiatives taken by the government, in agreement with the regions, to define evolution reliably; expenses for public sector contract renewals, also with reference to the higher costs deriving from the update of the planned inflation rate (+1.7% compared to the previous value of 1.1%). the 2001-2004 dpef excludes, as mentioned, a maneuver for 2001 aimed at correcting the public finance balances with respect to trend trends.

No

463 intended to start the maneuver to consolidate the state budget and reduce the deficit to be completed, for the current financial year, with the finance law recently presented and under discussion in the Senate. all aimed at the aim - at least on this point all the political parties agree - of reducing current spending and the inflation rate to allow a first, albeit timid, relaunch of investments. if we pay attention to the objective, it cannot therefore be surprising that the government and the majority today feel politically committed to supporting, even with the request for confidence, the approval of the measure under discussion in its overall substance and within the due constitutional times.

No

the government must take this matter seriously. the government have admitted that the budget proposals outlined in the bill will lead to a sharp increase in prices because of vat and other measures, pushing the year on year inflation rate up to about 17 per cent. by christmas more than twice the rate of 1978. moreover, on all the available evidence, and again on the government's own admission, that higher rate of inflation will be with us throughout 1980. therefore, we can see that the government are repeating the policy adopted by the last conservative government, raising prices at a stroke and in the process alienating virtually the whole trade union movement.

Yes

friend discuss with the chairman of the arts council the funding of the royal national theatre? is he aware that, despite greatly increased subventions to the arts council, funding for the royal national theatre has seriously fallen behind the rate of inflation and that that is a serious threat to the artistic standards of one of our greatest institutions? will he consider direct funding by his department along the lines of that for the british museum? the aim of both new clauses is to commit the government now to uprating child benefit in line with inflation and to be effective from april 1990. the aim is seductive in its limitation and obviously chosen for that purpose, but i believe that it should be resisted.

No

gentleman raises this matter, because it is of the utmost importance it would be a tragedy if any chance to save jobs were missed as a result of delay in the processing of an application. therefore, not only do we have a sign of great support for policies to tackle the combined problems of inflation and unemployment, but the number of strikes has dropped. hon.

No

occupational schemes depend on real savings. they are anti-inflationary and the money is present to pay for the pension when it falls due. it is money saved, or deferred wages.

No

he has been left an appalling legacy by his predecessor. he should insist on the resignation of the person who, in the debate on the 1988 autumn statement, predicted the levels of trade deficit, inflation and other matters. sadly for him, the person who made that prediction was the chief secretary, and we all know who that was.

No

when submerged to a depth of 1.5 m to 3.7 m, the hydrostatic unit operates automatically. freed of its lashings, the container rises to the surface, paying out the inflation painter line as it goes, but retaining it to the hru by means of the weak link. it is the combination of the rising container and the sinking vessel which provides the painter tension which activates the gas cyclinder and starts inflation once the free painter line is paid out. as the vessel sinks, the weak line will break, releasing the life raft from the vessel.

No

therefore, if, by damned push or stopped, our group will do everything in its power to improve it. a first modification will be proposed by us to article 4 and will aim to obtain, primarily, the total abolition of the increase in the price of petrol and, secondarily, that the amount of the increase is reduced by half. similar requests will be made by us for other tax increases contemplated in .

No

However, the question arises as to whether this new building for the Federal Chancellery should be built at a cost of over 100 million DM and to what extent this construction project with this volume fits into the current landscape in terms of stability policy. Especially in the last few weeks, the federal government has demanded a noticeable sacrifice from the citizens of our state in order to restore stability and limit inflation. We have jointly suspended Section 7 b in order to restrict housing construction.

No

that's the problem. As my colleague Späth said yesterday here from the Bundesratsbank: the task of reforming the tax table is to put an end to the creeping increase in taxes, especially on employees' income, due to inflation. that is the task.

No

but then the merger, as is known, is done without increasing tax revenue, while this merger causes an increase in revenue. we must remember that the increase in prices, rents, production costs and the monetary tightening affects the purchasing power of our currency. Muzzi, a journalist for the Corriere della Sera, calculated that the higher rates entail 1800 billion more costs in the field of production, which means 50 percent of the tax burden.

Yes

instead, the government want to set pensions 1 per cent. lower than inflation. what for?

No

only one government this government offer industry freedom from state control. only our policies of low taxation and low inflation will allow the genius of british enterprise to flourish, and only this government's policies will secure for the british people the prosperity that they deserve in the '90s and which this government will deliver. i commend the motion to the house.

No

The Federal Audit Office commented on the switch to loans for student funding in 1979. He said student loans are ultimately uneconomical because there will actually only be a return of 20 to 30% due to administrative costs and currency devaluation. I would like to summarize the rejection of these plans in the following four points: Firstly.

No

those are just some of the criticisms that workers in those dire straits have put to me. it is test inflation.these are the six tests. do the reforms deliver pensioner dignity, rolling back means-testing?

No

gentleman's reply. does he recognise the deep concern which exists in scientific and research circles because of the level of inflation and the effect that it is having on their research programmes? will the right hon. gentleman tell the house whether it is his department which directs science policy, or whether responsibility is loosely fragmented through other departments?

No

The convergence in most industrialized countries can be summarized in the following points. The primary task is to combat inflation and promote monetary stability; because this is the prerequisite for social policy. A policy that allows inflation to drive sins against basic social requirements and prevents the creation of competitiveness. Ladies and gentlemen, we have had an inflation rate of around 1.5% in the Federal Republic of Germany so far this year. In the usual statistical comparison to the same month last year, we have 2.5%, perhaps 2.6%, but with a falling trend.

No

less than the 29 per cent. at which they have been recently running, it would have a very significant effect on the rate of inflation, as it borne out by the report of the price commission published this week. we shall also be assisted this year, in any case, by the fall in commodity prices. i am grateful for your protection, mr.

No

gentleman has not merely written to the nation giving his forecast, he has stated in debate that the treasury forecast of 16+ per cent. inflation by the fourth quarter of this year would be exceeded. he quoted the figure of 20 per cent.

No

in view of all the wonderful things that have been said about our police force, will the home secretary give a guarantee that in their next pay award they will be awarded not less than 22 per cent. the current rate of inflation? no one can create genuine jobs by printing money. that only creates more inflation, which leads to more unemployment. i, too, read the report of the manpower services commission.

Yes

the government should do something about petrol prices. each year the chancellor puts up petrol prices, if only to keep in line with inflation, and then he takes his rake-off for the treasury's coffers instead of trying to work out a formula which bears some relation to equity and fairness. i hope that the minister will take on board the representations that have been made.

No

although i yield to no one in my admiration of the academic ability of the right hon. gentleman, i believe that he is a bad adviser to the nation on inflation. i hope that people do not accept his advice.

No

in 2000, the value of those pensions was doubled. on top of that, the amount of the pension is regularly reviewed and increased in accordance with annual inflation in nepal for information, in 2009 it was 14.1 per cent. plus an additional 20 per cent.

No

of the work force. they depend, as much as any other part of the economy, on a stable economic framework in which there are sound public finances, low inflation and sustainable growth all of which conditions have been put in place by my right hon. and learned friend the chancellor of the exchequer. i think the hon. gentleman should consult an ear, nose and throat specialist, because he did not seem able to hear clearly what i said last night about my inflation target and i do not think he was quite able to hear what my right hon. friend the chief secretary said a few moments ago, either.

No

to the extent that we can do this without public expenditure running away with itself, we shall do so. if it were to be the case that the implications, because of either rising inflation or large numbers of contractors taking advantage of the scheme, were such that we decided to call a halt, obviously we should need to reconsider. but frankly, at this stage we feel that the variables are such over the next couple of yearsthe rate of inflation and the number of people who may take part in what is, after all, a very new schemethat until we have seen some of the scheme in operation over the next year or two it is very difficult to make more than a wild guestimate "of the cost. that is why we have the two-year limitation.

No

a terraced house in my constituency might cost between 20,000 and 40,000. when there is property price inflation, the people in the south benefit, yet it is my constituents in the north of england who are putting their backs into the use of equipment and machinery and generating the wealth that keeps the country working. ministers and officials have maintained close contact with industry representatives and are fully aware of the impact of excise duties on northern ireland petrol retailers. in his recent budget, my right hon. friend the chancellor of the exchequer announced that apart from the automatic inflation rise of 2p per litre there will be no real terms increase in road fuel duties. officials are in touch with treasury colleagues to explore possible ways of ameliorating the situation.

No

An example: an average pension for long-term insured people with at least 35 years of contributions fell from 1,021 euros to 916 euros between 2000 and 2014. If you take into account the price increases since 2000, an average pension for long-term insured people should have been 1,284 euros and not just 916 euros. With the Riester pension and the reduction in the pension level, the SPD, Greens and CDU/CSU have ensured that those who have worked for decades and paid into the pension fund are now missing 368 euros in pension every month.

No

having said that, i return to the point on which i was about to conclude, which is the illusion that will result if the amendment is carried. in 1974 and 1975, those who were active in politics had to put up with large numbers of speeches endorsing devolution and calling for an assembly, on the ground that it would help to cure the economic problems of scotland that it would reduce unemployment, that it would help the attack upon inflation and that it would provide a remedy for low wages. fortunately, we have heard rather fewer of those speeches during the past 18 months because it is now self-evident that that argument cannot be maintained on the basis of the bill.

No

friend since the start of the year, energy bills have spiralled by 700 for a typical household. inflation has risen to 9.1%, the highest level in 40 years, and taxes on working people's pay have jumped thanks to the government's decision to hike national insurance contributions. this year has seen the cost of living rise unremittingly, while oil and gas producers' profits have in some cases tripled.

Yes

inflation was the only thing this government did at a stroke. the figures were not at constant prices. there will be some degree of inflation, but it is only one part of the story. it is not the whole part.

No

gentleman. if he cares to examine the figures, he will see that, since i became prime minister, take-home pay after inflation has risen by 600 a year at today's prices. real disposable income is 400 a year per head higher at today's prices.

No

this is the ratio: of the 200 thousand billion of foreseeable gross domestic product in 1978, it is assumed that for the entire enlarged public sector we will have a total expenditure of approximately 100 thousand billion. this being the order of problems, it is clear that one choice rather than another, within this relationship, can determine favorable or unfavorable consequences in the performance of economic processes, both from the point of view of relations with inflation , both from the point of view of the relationship with the development of productive activities, and from those of the balance of payments and the inflation process. (c) from this order of magnitude derives the need, which we consider indispensable, not to discuss, financial year by financial year, the objectives which then always prove unattainable and which therefore, as such, even risk appearing ridiculous.

No

i am just as concerned as the hon. member is about the numbers of people unemployed, but i must carry on with the policy to reduce inflation, because that is the way ultimately to get the number of unemployed people down and to give them good and proper job prospects. like his immediate predecessor, the right hon.

No

The number of employees, which fell by more than a million between the end of 1980 and the end of 1983, has increased by 325,000 since then. The price increase rate, which was almost 61/2% on average in 1983, was 1.8% at the end of 1985 and has now fallen to a whopping 0.1%, helped by lower oil prices. If you said earlier that this is not a social date, then ask those who have to get by on a low income what it means for them that the price increase is only 0.1%, i.e. practically 0%.

No

i should have thought that an opposition who were very worried about this matter would be more concerned to put down that kind of clause than a general new clause which merely tries to import the concept of indexation. at the end of the day the problem is inflation, and it can be dealt with only by reducing the rate of inflation. indexation is a false solution.

No

the tenants are ratepayers, too. he thought that the estimates in the financial memorandum would be wiped out by inflation. i have pointed out to him and to the hon.

No

in the uk, we have a plan to deal with that. inflation is actually lower than in the us. yesterday, the chancellor cut fuel duty to help people who are struggling to fill up their car, which is a 5-billion tax cut for motorists in the uk, and cut national insurance now, which is a 6-billion tax cut for people.

No

For me, this is a dramatic aberration. If we continue down this path, then I seriously fear that this will overstretch and inflate our basic law and ultimately harm it. I therefore advocate that our constitution be designed in such a way that it contains rights and obligations that can be fulfilled.

No

of income tax payers whom we are now discussing. there is more than a possibility that next year, in 1984, unemployment benefit and perhaps short-term supplementary benefit will not be increased in line with inflation. that will mean hardship not only for the unemployed but for families, for the young children of families where the head of the household is unemployed.

No

one is economic stability, and the other is political stability. the government have a proud record of achieving economic stability in their first two years in office: inflation is on target, public borrowing is under control, and unemployment is falling again. i was thankful to see the figures for scotland yesterday.

No

as the hon. member for gateshead, west knows, inflation is now on the way down. he said that he expected the figures which are to be published later this week to show a levelling off, if not a reduction.

No

it would be the victory of the devaluation party, of those industrial and financial groups that in the months of May and August worked in this direction, playing this apparently technical card, to modify social and trade union relations. the country today finds itself faced with an international scenario which adds a new fact to the traditional points of crisis, ni: the war between Iran and Iraq, destined to have significant repercussions on the entire world economy in terms of oil supplies, in terms of inflationary and recessionary effects. Fiat's crisis situation itself has added a further serious moment of tension in the social life of the country.

Yes

Not today have we been convinced of the need for such a policy. it has become even more indispensable, of course, in a European and global context which does not allow for more intense development if we do not strengthen our ability to balance in terms of the trend of the inflationary process, the exchange rate and the balance sheet. of payments. but who has acted contrary to a policy of rigor in recent years?

No

citizens advice estimates that when we take tax changes into account, a family with two children paying 130 per week in rent and earning just above the minimum wage will be almost 13 per week worse off. that is before we take food and energy inflation into account. no wonder people are being driven into the arms of payday loan sharks.income transfers for those on modest incomes, for example, are recognised throughout developed economies as exactly the kind of fiscal stimulus needed when recessionary pressures are highest, but the chancellor is doing the exact opposite.

No

member for east ham, north (mr. prentice) suggested that the whole of the government's policy on inflation was a fraud. he said it more nicely than that, but that is what he meant.

No

artioli. Mr President, ladies and gentlemen, we no longer believe that there is even a need to disturb the historical masters of the workers' movement to make people understand that they work and that the national currency, i.e. inflation, attacks above all workers and the productive world as a whole . therefore the real target to be struck decisively is inflation, as is being done, without continuing to delude workers and housewives that it is enough to save a few contingency points to safeguard the purchasing power of wages and salaries. we must now reveal the scam so that people understand well where good faith lies: it would be like convincing those who are already in excessive debt that they can save themselves by covering the holes with other debts, thus directing them towards bankruptcy, as some are doing today towards the country.

No

Drug prices at the manufacturer level have risen by 14.5% since 1982, ladies and gentlemen. If the manufacturers of medicines had only moved at the price level of the rest of the industry since 1982, and had only had the price increases of the rest of the industry, we would have had to spend 1.8 billion DM less on medicines today. With this example I just want to adjust the proportions and question whether the campaign that is being launched here, as if it were about the collapse of an industry, justifies the occasion.

No

i am glad that the base rate has fallen today in some major british banks. to get interest rates down we must reduce both inflation and deficits. we had a long discussion on how best to do that, and we agreed on the importance of reducing deficits.

No

i beg to move, that the counter-inflation (temporary provisions) act 1972 extension order 1973 (s.i., 1973, no. 73), a copy of which was laid before this house on 23rd january, be approved.

No

3.6 per cent. overall in education services to local authorities is comfortably ahead of the rate of inflation and of the projected growth in pupil numbers. i should be grateful if my right hon.

No

i hope that the secretary of state will at least put that one right. to give an example of the way that inflation has hit us, although we are a small authority, we left 1 million in our balances which we thought would be more than adequate. instead, by the end of the financial year our deficit is likely to exceed 500,000. so we have gone right from one side to the other. second, local authorities should be assured that they will receive a fair increase order to cover inflation in the current financial year, and this should be made known without delay. there is a suspicion that this may not be coming.

No

then there is the loss, in the annual salary, of the difference between a twelfth and 13.5 percent; which entails a reduction in the annual provision, per single unit employed, from 8.33 percent to 7.40 percent and another 11.17 percent less per year; that is, on a gross salary of 15 million, 140 thousand lire less per year. the revaluation of the fixed 1.50 and 75 percent of inflation, also taking into account the hypothetical (or non-hypothetical, if you like) 16 percent of the Spadolini government, from 13.50 percent against 16 percent hundred; and therefore another 2.50 percent less per year, which corresponds to 375 thousand lire. in reality, however, the old law also adjusted the payment on salary increases, seniority increases, contractual increases, increases dependent on promotions, etc., to the extent of 20 percent per year on average.

No

member for feltham and heston (mr. kerr) says, with the inflation which was caused by his government's surrender to the wage demands of last winter. to deal with inflation. what i recognise is that we inherited accelerating inflation, accelerating raw material costs, accelerating pay settlements, an acceleration in the money supply and a deterioration in the balance of payments. those are the ingredients that have contributed to the present high levels of inflation and will, as the right hon. gentleman said, take some time to work through.

Yes

the primary surplus compared to 1996 was practically reduced to zero and in 1996 let's not forget that we had the reserve, which was given by the entry into the euro, which would have led to strong limitations in the debt burden. today, inflation aside, public finances have returned to a situation reminiscent of that of the early nineties; and we are back under the magnifying glass of international markets. in the next few weeks we will make decisions on how to move.

No

for instance, the government have imposed a luxury vat rate on such things as electric blankets. elderly people rely on these things, and it is not enough to give them a bit to cover some of the effects of inflation and then to hit them in these other ways and imagine that that is equitable for these poor people. my hon.

No

in my statement earlier this afternoon, i set out the prospects for the economy over the next year. it is above all a prospect of yet another year of the steady progress that we have seen over the past five years, with healthy economic growth, inflation at low levels, and 1 million new jobs created since 1983. i shall make my speech in my own way.

No