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and then the same VAT revenue for 1998 will probably be lower than the estimate and additional measures will be needed in the spring. finally, there is an inflationary effect: VAT is increased on primary goods and services, on television license fees, on urban transport tickets, on textile goods and on footwear. it even increases the VAT on construction materials, nullifying, at least in part, the tax incentive for building renovations provided by the financial institution.

No

the reason for that is the right hon. gentleman's own forecast, which is based on inflation. the right hon.

No

Mr Apel, so that this is a parliamentary discussion, I would like to first respond to some of your comments. They have confirmed that the Erhard government is experiencing high price increases. This topic concerned us at the time.

No

It is true and that the hypothesis that a pre-electoral government would never dare to increase the price of petrol because it would be an unpopular measure could comfort us, but it is equally true that extending this situation by a few months is not enough to say that it has been resolved. this provision, as you, Senator Pella, know (and you are certainly not the culprit), serves in any case and only to defer for six months the failure to increase the price of petrol and petroleum by-products. after which we will be back to the beginning.

No

above all, i believe that it wants the right economic climate. low inflation, to which reference has not been made today, is critical. we now have low inflation. january's retail prices index was 1.7 per cent., which is the lowest since 1967. when i began work in the tourism industry presenting son et lumiere, which i came to know as a history lesson in the rain i had hoped to do one indoors, in westminster hall, but mr. speaker at the time did not think that that was a good idea for security reasons, although it may be a possibility during the summer months when there was a labour government, inflation topped 26 per cent. that is quite a contrast with the present.

No

that is a flat rate. there is no inflation increase for the rural policing grant because we consider it fairer to put the inflation increase into the general grant, but the 30 million is to be divided among the local authorities, which find it extremely useful in trying to improve policing services to their more sparsely populated areas.in 2004 05, we took the wholly exceptional decision to provide a broadly standard flat rate increase of 3.25 per cent. to all police authorities in england and wales.

No

I thank you for your attention. What is less well known is that the government's excessive demand for credit, together with other factors such as currency devaluation, high interest rate policies, discrimination against long-term investments and the loss of confidence of domestic and foreign investors, have led to ever shorter repayment periods. In the first half of this year, 52% of the Pfandbriefe issued by mortgage banks had a term of less than four years.

Yes

1446 and 1650. Mr. President, ladies and gentlemen, Mr. Minister, at the time of your inauguration, the objectives for the economic maneuver that you were about to define: they envisaged not only the reduction of the public deficit, but also the invariance of the fiscal pressure, the reduction of the inflation rate, the maintenance of a stable exchange rate between the lira and other European currencies, the protection of earned income against the increase in the cost of living, the reduction of interest rates. well, all these objectives and commitments - except the first - have been missed.

No

does my right hon. friend accept that, because of the cost of the reunification of germany, which is costing hundreds of billions of deutschmarks more than the germans said it would, and the fact that germany will not allow inflation, german interest rates, which affect us all, are about 2 per cent. higher than they would have been without the reunification costs?

Yes

the right hon. gentleman attacked confrontation and suggested that the government should not indulge in seeking to prevent inflationary wage settlements. in that, the right hon. gentleman reveals all too clearly that the consequences of the labour party's policies are to mount on top of world inflation the disastrous and damaging effect of internal wage inflation. finally, the right hon.

Yes

in short, not everyone loses from these situations, but there are some companies that have increased their profits considerably. the state also had an increase in tax revenues thanks to inflation, an increase of 11.7 percent in the first half of this year. Faced with this situation in the country, we would have expected greater determination on the part of the government, both with regard to the issue of extra profits, and in the European context, for the issue of the gas price ceiling.

No

unhappily, prison reform is not a popular rallying call. with the limit on resources, the opposition to new prison sites, the increase in the number of prisoners and inflation, the situation is becoming unmanageable, and it is not fair to expect the hard-pressed and excellent prison service to go on coping without relief. what is needed are not more and longer prison sentences but a more effective penal policy and more effective sentences.

No

for reasons which are not yet fully understood, the economic cycles which all countries experience appeared to become synchronised between 1971 and 1975. as we know, this led to a combined surge in world demand, a boom in commodity prices and accelerating inflation. similarly, following the increase in oil prices, the industrial countries moved into a synchronised slump.

Yes

it makes no allowance for the fact that the capping limits, imposed by the government, allow for an increase of 75 million, not 140 million. that is an increase of 1.2 per cent., or half the rate of inflation. the claim also makes no allowance for the pay awards that are agreed nationally between councils and trade unions and that councils are expected to implement.

No

in one year, petrol has increased by 10 percent and diesel by 20 percent. and that's not all, because these increases will translate into inflation; in fact, it is known that logistics prices will be reflected in the final prices of consumer goods. it should be remembered that diesel influences the cost of transport by approximately 30 percent.

Yes

our discussions were illuminated by two excellent maiden speeches, but the second reading was certainly not a full one. i have for a long time felt some concern about the negotiations which were proceeding for the issue of special drawing rights, because one of the greatest problems facing the world trading community at present is that of mounting inflationary pressures. the agreement to permit the fund to increase the quotas of its members in this way and to allow special drawing rights is in effect a licence to the fund to print money.

Yes

ever since the right hon. lady the secretary of state appeared in the house in the role of queen canute, determined to prevail on the waves of inflation to go back and i must say that if she could not succeed no one else could from the liberal benches there has been manifest and consistent opposition, which has been shown throughout, in the lobby and not simply in equivocal speeches. one of the reasons for our opposition has been that we have seen from the beginning that, once embarked on this enormously expensive and bureaucratic exercise, it would become extremely difficult to withdraw from it.

No

the settlements are a helpful step forward that local government has also welcomed in general. this is a cash-flat settlement over a four-year period, which therefore means a continuation of cuts because cash buys less over a four-year period not merely because of inflationary pressures, but because of the additional pressures on services from the growing number of elderly people and the extra pressures of the care act 2014 and the children and families act 2014. local authorities are having to absorb all those pressures within the cash-flat settlement.the comptroller and auditor general, amyas morse, has figures showing that the spending power of local authorities, in real terms, reduced by 25% between 2010 and 2016.

No

members harp on about the railwaymen being very aware in their wage negotiations that there will be relief for loan interest. i hope that the railwaymen are also also aware that the same government introduced substantial benefits for people who needed help, and that the railwaymen will stop trying to encourage inflationary wage settlements and wage demands by people whose needs are not always absolutely established. labour hon.

No

I will say very clearly: the relief packages worth 30 billion euros that we are now deciding will help make life a little easier for many. If prices continue to rise, we will have to take further structural measures. But your claim that there is nothing for pensioners is, even if you repeat it ten times, simply untruthful.

No

in the birmingham post of 7th december this heading appears: hotel group's debts total more than 17 million. large and small companies are being battered by the fire precautions act, by rates increases and by inflation. i urge the treasury ministers to read the "little neddy" report, which brings out certain serious factors, one of which is that of the six countries which were studiedthe other five being denmark, germany, france, spain and switzerlandonly the relevant financial authority of the united kingdom does not allow the hotel industry capital allowances on buildings.

No

and that the effect of the new formula is that, in return for a possible 80p a year reduction in international call charges, for the typical domestic household there is still the prospect of an 8 rise in its phone bill? is it not the case that, although telephone bills should be falling when bt is making 3 billion a year in profit, bills will still be rising in the coming year and installation and rental charges will be rising even faster than inflation? will the secretary of state confirm that installation charges are 21 in france and 24 in germany, but up to 129 in britain, and that there is not one proposal in his review to bring them down?

No

People in this country don't have that much time, minister. Given the rampant inflation, speed is of the essence. Yesterday you could still carry a full shopping bag home.

No

they have no real interest in the wording or phraseology of particular clauses. the government are responsible for exchange rate policy and for fixing the inflation target. there is no conflict.

No

such comments would be better made in the bar than in the chamber of the house of commons. we have heard the usual inflationary arguments for expansion. they proved a disaster in the past in south wales.

No

we already know that one of the strongest trade associations has announced a 10-day strike to ask the government for further tax relief and to make up for the drain on money caused by the additional measure, especially for that sector. Furthermore, in the introductory report to the conversion bill the government recognized that the price of diesel at the pump in Italy is higher than the European average: well, this statement dates back to a period even before the increase in the price of diesel. the sector, therefore, is now further disadvantaged compared to road transport in other European countries.

No

it is whether one wants to collect more taxation in this way. if the answer is "yes", the question arises whether one is prepared to see inflation rise by a comparable amount. this question goes to the heart of the matter, whatever subject, including the abolition of the vehicle excise licence, is discussed.

No

all too often, unfortunately, unpleasant experiences are suffered by passengers when people having drink problems get on to trains. the penalties have been overtaken by inflation. it is time that they were brought up to a more realistic level.

No

this country owes an unparelleled debt to the trade union leaders for the voluntary restraint which they have provided and as a result of which we have managed to halve the inflation rate since the pay policy came about after the disastrous spiral upon which it was started by lord barber, who was also one of those chiefly responsible for urging the right hon. member for sidcup (mr.

No

gentleman has answered a question i did not ask: namely, would unemployment have been higher under a tory government? will he now answer the question i asked, which is: what level of unemployment does he think will result if we attempt to cure inflation by the methods he proposes? what it meansand we must not become engaged in a long semantic argumentis an apparent restraint of monetary demand. it is not an invitation to restraint in real terms. it is an attempt, while we are on our inflationary treadmill, to obtain apparent restraint in terms of the shadow of monetary claims. it is not, and never been, a demand to reduce in real terms.

No

the government are imposing not only rent but rate increases. by that means, they are stoking up inflation and, at the same time, expecting trade unions and working people to hold their wage demands to 4 per cent. thus ensuring a swingeing cut in their standard of living.

Yes

i will look up the precise answer and ask my hon.

No

friend the member for ludlow (mr. cockeram) will be aware that no chances must be taken with inflation. interest rates will be held at whatever level is needed to maintain monetary conditions that will continue to bring inflation down. will price protection include an element of inflation, or will a flat rate obtain throughout? we never intended that an element of inflation-proofing should be included. the existing payment should be continued until it is overtaken by any subsequent rise in the limit which applies to a particular home.

No

out of that flat-rate settlement, our police force needs to fund the police pay rise and don't our police officers deserve a pay rise! the pay rise is only 2%, which is below the rate of inflation, but it still needs to be found out of a flat-cash settlement, which will cut into other resources and cut even further into the reserves.in my area, our police now cover an area of 25 miles by 25 miles from just two police stations. they are stretched as thin as they could possibly be stretched.

No

I believe, however, that the assessment that is most important to parliament, while taking into account the amnesty, is to establish, honorable representative of the government, what confirmation has come of the concerns that, among others, colleagues Dalema and Bernardini had already expressed on the incentives largely inflationary which would have been determined with the maneuver to unite VAT rates as proposed. we certainly do not want to attribute the exceptional increase in prices alone to this aspect, which in the month of September increased, as we all know, by 2.1 percent; There is no doubt, however, that strong pressure on this increase in prices occurred both due to the merger and the overall insufficient maneuver of the <<decree>>. on the other hand, the minister himself had to recognize it, albeit in an informal setting.

Yes

although he promised to look again at the question of luncheon vouchers, as with confectionery and a variety of other things, there was never any assurance of a satisfactory reply. i ask him to bear in mind, however, that any increase in the price of lunches for workers will have a devastating effect on inflation, because they will naturally try to make good any loss through a wage claim. therefore, it would be a disinflationary step to accept the new clause and the principles we have argued and increase the value of the luncheon voucher.

Yes

the remaining 1, therefore, represents an increase of 20 per cent. at a time when inflation, on the basis of figures for the last three months, is running at 19.9 per cent. a year. thus it barely keeps pace with inflation, and for disabled people paying tax at the basic rate there will be no real improvement relative to the cost of driving. i am sure that it is not disputed that there is no suitable alternative vehicle available, but it is not clear how hard the government are looking for one.

No

he will have noticed, no doubt, that there have recently been two articles on the subject in the daily mail. last tuesday, ii july, its education correspondent made the important point that this year's pay rise will be less than the current rate of inflation. he added: that simply is not good enough.

No

how does the hon. gentleman intend paying for the liberal inflationary and reflationary policy programme by higher taxes or high borrowing? i have been a consistent supporter of the government's original policy to reduce public spending.

No

Not an education policy congress goes by, hardly a debate about social and economic developments in our country without the increased importance of further education and lifelong learning being pointed out. It sometimes makes one skeptical how inflationary this term is used. However, the further education policy announcements and resolutions at all levels - from the federal government, states, municipalities, associations and education politicians - are not commensurate with the corresponding commitment of the public sector, such as the states and municipalities.

No

they painted a picture of people faced with grave hardships and of their sometimes dying as a result of price increases that will rise 10 per cent. above inflation next year. all hon.

No

i do not say that this is necessarily a significant comparison to make, because it takes the figure at a certain moment in time.

No

a million people who are entitled to the minimum income guarantee are probably not claiming it. if we continue to uprate the basic pension in line with inflation, it will be worth half its current value by 2040. the argument for linking pensions with earnings is so that elderly people can share in the increased wealth of the country.

No

why then does the white paper rule out the proposal before the igc that the treaty should be amended to include employment as an objective of the european union? the government agreed at maastricht to set targets on inflation, interest rates, fiscal deficits and national debt. why can they not agree that a priority for the igc should be to balance those monetary targets with a commitment to employment?

No

h. Do you want the march into an inflationary economy, or do you not want it? In any case, it won't work with us.

No

fortunately, despite the imbalances, despite the gap between north and south, ours is not a society that requires protectionism of this nature. if there are dangers of increased inflation (and they could occur) the government will have the appropriate tools available to attempt to mitigate the phenomenon and prevent it from affecting other sectors. from this point of view we therefore believe that the programmatic document is serious and thoughtful; naturally, as time evolves, from the point of view of quality if not quantity, it will be necessary to carry out mediating interventions which, in compliance with the objectives set for ourselves, make them more adherent to the current society and to the objectives that they will gradually be able to achieve. be questioned, in the face of the explosion of some national or international problem, which is not easily foreseeable today.

No

i congratulate my right hon. friend on a tight and financially prudent package, but will he confirm that he has also been able fully to protect those groups that are particularly vulnerable to inflation? although friday is not the most crowded day in the house, in my experience it is a day when those hon.

No

member for bexhill and battle is crying out for expansion. unemployment stands at 10 per cent., while inflation is below 1 per cent. the combined balance of payments surplus in euro countries last year was $177 billion.

No

however, the rates are competitive with those that farmers would have to pay elsewhere. in the long run, the real answer is to tackle the problem of inflation, because that will help to resolve some of these difficult issues.

No

the subsequent adjustment of the tariffs regarding that market area, albeit maintaining a limited reduction (in the specific case oscillating on average between 20 thousand and 30 thousand lire), is a phenomenon normally found at national and community level. the general increase in tariffs at a national level is mainly attributable to the increase in the price of the dollar and above all in the cost of fuel. the exclusion of trips to and from Sardinia from the so-called <<girovacanze>> package that Alitalia usually applies every winter, albeit with some variations, is motivated by the fact that these initiatives are normally aimed at cities of notable cultural interest which, according purely commercial choices made by the carrier can attract a large number of passengers during the winter season in such a way as to compensate for the lower income deriving from the offer with a presumable filling of flights.

Yes

if all authorities spend at the settlement assumption, then the average i repeat average percentage increase in rate precepts will be 1.2 per cent. which is much less than the rate of inflation. if authorities spend at the settlement assumption, there will be an average reduction in rate bills in real terms.

No

but if this is the general picture, numerous doubts remain regarding this provision, even among the most orthodox defenders of the government line. wanting to impose this conversion bill on parliament at this moment, it is said that tax exemption is necessary to avoid the increase in prices. we do not believe that what you have formulated is a valid proposition, honorable rapporteur for the majority, as the decree in question would reward the oil companies and large companies that deal in this product with very huge sums.

No

in this field, however, the problem is different, because the exemption of government bonds derives, as is well known, from the state's need to cover its deficit with debt. interest is therefore regulated by the extent to which the state needs to borrow, the subject chooses based on the yield, the risk of inflation, and taxation; the state, on the other hand, needs to go into debt every year due to excess spending: it must still place that amount of securities in one way or another, and this is where the reason for the tax exemption comes from. with the taxation of atypical securities - this was an observation of the honorable cafiero - no sector of our economy is depressed.

No

But if the upswing is in full swing, then this VAT increase will have the effect of driving up prices and wages. At least 1.5% price increase is associated with this. But if there is a real upswing, this will of course be used as an opportunity to calculate even more, so that the price increase will unfortunately probably exceed 2%. No, ladies and gentlemen, this is the wrong path.

Yes

the state might at least allow it to hold what it owns.

No

i particularly welcome the support that my right hon. friend is giving to those most impacted by this surge in inflation. as part of his excellent statement, he highlighted supply-side reforms that will be most important in the medium term but will take some time to come through. could he perhaps give a little more information about those supply-side reforms that he is intending?

No

i know that that is not all on fuel. however it strikes me as incongruous that, when the citizens and businesses of our country have to face huge, inflationary rises because of increases in fuel duty, large oil companies are making those enormous profits. perhaps the government can consider that.

No

But is this all our own achievement? You will have to think about it, as strange as it sounds - I know that it can be very misunderstood, and please for the good sake of the listeners so as not to be misunderstood -: haven't we perhaps been lucky enough to lose two wars, two To experience inflation, to experience a migration of peoples? Haven't we been lucky that we have a permeable society, that there is hardly any class society in our country anymore?

No

but it will be a matter of trust that the government does not deserve, especially at the level of economic and financial policy which - since we are holding a discussion, albeit sui generis, on trust - I will deal with briefly during my speech. It is true that there has been a decline in the inflation rate. I am not distrustful by temperament, but I can never understand, among the various rates indicated by the various study centres, which one is the most reliable: in any case, we would have left - according to a widely held opinion - the double-digit rates to enter in single-digit ones.

No

it is almost inconceivable that any of those papers would publish these figures, because of the simple arithmetical fact that during the last year of the tory government inflation was running at rather more than twice the rate at which it is running now. that does not seem to me the sort of news the daily express or the other newspapers publish.

No

such decisions are for individual local authorities, but local authorities are answerable to their local electorates about the council tax. we believe that they should take into consideration the views of local taxpayers on local authority spending and how much council tax they would be willing to pay.this year, we have given all councils above-inflation increases in grant for the first time ever. the average increase is 5.9 per cent.

No

it is worth seeing what we have to say in our 1990 report, which is closely based on the evidence that was presented to us. we repeat our warnings about inflation and, like the governor of the bank of england, we place special emphasis on the possible response of pay bargainers to the impact of the poll tax and other administered crises. we are concerned also about the effect of further currency depreciation on the government's counter-inflationary strategy. bearing in mind that there has already been a depreciation of 10 per cent. in the past year, which has clearly had an impact on inflation, one can see what we mean. we are also much less sanguine than the government about prospects for a significant reduction in the balance of payments.

Yes

if we succumb to the hon. gentleman's recommendations, a process of inflation will set in. although the obligations in the bill are not as specific as the hon.

No

Mr Schäfer has just pointed out that pensions have risen by 100% in recent years. Mr Schäfer, they have increased because the Union introduced the dynamic pension in 1957 and because your government, the government you supported, pursued an irresponsible inflation policy. These are the two elements on which this fact is based.

Yes

about half an hour ago, an opposition member referred to britain being "great" in labour's day. apart from the name, nothing much was great, except perhaps the great debts, the great inflation, the great misery of the british people, and the great trouble that we were in, financially and in every other way, in international terms. that was the "greatness" that the labour party provided for this country when it last had its opportunity, and that is the sort of greatness that it would like to thrust upon the british people if it were ever to get power again.

No

I'm looking forward to being able to delve deeper into this in the second and third readings. Based on the basis so far, I can only say: Then you shouldn't slowly cut off the air from mini-jobs through inflation, but rather you have to raise the limit, like we're doing here, dear colleagues, and that's why it's right for mini-jobbers this country. Thank you.

No

It's not about increasing the standard of living, but at best about preserving property rights. Since 1971, 70% of those eligible for support have had their support rates reduced because their parents grew beyond the maximum amount due to inflation. Their progress in the social sector, the raising of the income limits for social assistance, in housing construction and for second child benefit, should be assessed in a similar way.

No

However, this cyclical explanation of the current account improvement will become less important in the future; because the conditions for a revival of domestic demand have become increasingly favorable. The improvement in the current account and the progress made in combating inflation despite the devaluation of the German mark have strengthened confidence in the German mark. This leads to expectations of appreciation and thus creates scope for interest rate reductions.

No

in the last two quarters, rail passenger usage fell by 0.4% and 0.9%, driven by respective 8.1% and 9.4% falls in season-ticket journeys. that is a result of above-inflation fare rises; people who have seen fares rise at three times the rate of wages since 2010 are opting for cheaper modes of transport. passengers are being priced off the railway. this declining usage threatens the integrity and financial sustainability of the railway and the franchising system itself, as other operators find themselves in similar trouble to virgin-stagecoach on the east coast.what, then, is the secretary of state's solution? will he abandon above-inflation fare rises, as labour has pledged to do, so that passengers can afford to travel by rail and patronage can be boosted? if not, how does he plan to handle problems with franchises down the line?

No

for years they have used the council tax for a purpose for which it was never intended to transfer expenditure from central to local government without sending the necessary income to cover the burdens. the council tax is the government's favourite stealth tax.we need only look at the audit commission's report, "council tax increases 2003 04: why were they so high?" it said:"slightly more than half the total increase is due to national pay and price inflation . .

Yes

that is a political decision. the alliance may wish to increase the price of petrol in line with inflation during the past 12 months. we do not think that that is or should be an automatic policy, and we reject that approach.

No

the scale of increases makes almost everybody vulnerableexcept, perhaps, his banker pals. what will happen to the most vulnerable when inflation soars as a result of the return of spiralling energy costs? the previous chancellor never got round to telling me what will happen to businesses' energy costs at the end of their six-month reprieve. will the current chancellor tell me what support businesses signing impossibly expensive contracts as we speak can expect? will he, as the former, former, former chancellor did, commit to uprating benefits with the rate of inflation? will he also increase support for those languishing in the asylum system and end the punishing “no recourse to public funds” regime?

Yes

members have suggested this afternoonwhich would be bound to fail. the problem of inflation, which has also been raised in the debate, also deserves a word from me. it is very easy to say that we must have an incomes policy because wages create cost-push inflation and, therefore, how can we be without it? it is also easy to say that incomes policies distort the distribution of labour and creative effort in the economy, that we have seen it happen every time, and that we cannot possibly have incomes policies.

Yes

therefore, i can say to his face and not behind his back that although i hold that regard for him as a man, i have the utmost contempt for this sordid little bill which he has brought before the house. it is a strange circumstance, surely, that when we have 20,000 people demonstrating outside the house against an unemployment total of 1 million, when our neighbours in john bull's other island across the irish channel are on the verge of civil war, when the middle east may go up at any time because of the tensions there and when inflation is running away in this country to an alarming extent, the british government have nothing better to do than bring forward a piddling little bill of this kind to satisfy their ideological prejudice against anything which is nationalised. like me, mr.

No

far from substituting public consumption for private consumption, it would only inflate the prim? without slowing down the latter and it would just be an <<inflation model>>. the country's evil and in the collapse of the operational framework, of the efficiency returns on which any development model must be able to count.

No

if she lived in london, she would pay 11.20.the increases in train and bus fares are hitting ordinary people very hard. wages have not kept pace with inflation and we know that people are already having to choose between heating and eating. public transport costs are forcing many who can to travel to work in their cars and those who cannot to give up their jobs.

No

in the light of those examples, i cannot see how the house can honestly say to the men and women who serve it loyally and capably as secretaries, research assistants and others, that they are worth only a 4 per cent. rise, bearing in mind the way in which inflation and general costs have risen in the past 12 months and seem likely to continue to do so. it is an insulting proposition and i trust that the house will reject it and vote for our amendment.

No

facet joint injections for back pain are available elsewhere but not in york. assisted fertility is available in neighbouring health authority areas, but not in york.in the last year of the labour government, the increase to the pct budget was 5.8%, which, with inflation running at 3.7%, was a net increase of 2.1%. in the first year of the coalition government, the local pct budget was increased by 2.2% but, with rpi running at 4%, that was a 1.8% cut in real terms.

No

Above all, I want to remind you, President, through your intermediary with the government, that the TAR has ruled and suspended the effects of the suspension from service and, therefore, the consequential reduction in salaries. therefore, we have seen that these rules, crazy in some cases, are also a harbinger of an inflation of litigation, an increase in appeals to the TAR and, therefore, with a consequent flooding of the judicial machinery, already severely tested from the now chronic structural deficiencies that our country has in the justice sector. then again for my passionate colleagues, who I see here, unfortunately, pay little attention to my intervention, on article 4-ter, which is on page 26 of the file for those who wish to follow, I intend to point out something very important.

No

gentleman knows that perfectly well. we can look forward to a period of resumed economic growth, on the back of low inflation, provided that we stick to the policies on which we are currently set. the purpose of introducing the business rate and the assurance it gives was to guarantee that the business rate would not rise unpredictably and capriciously in labour-held areas, but by an amount governed by the rate of inflation. the clearest proof that we have provided the environment that makes britain the most attractive area for investment in europe is the fact that britain is now the no.

No

Of course he gave the impression that the increase in energy prices and the market price development had to be shouldered by the government. Euro-dollar relation, OPEC, increase in crude oil prices, that accounts for two thirds of the cost increase in energy prices, which, by the way, are also largely responsible for the increase in the inflation rate. 22 billion DM are expected in revenue this year.

Yes

for example, we have received representations from the construction industry, among others, expressing concern about the possibility of unfair competition between registered and unregistered traders. does my right hon. friend agree that two of the major factors in inflation are britain's membership of the common market and the devaluation of sterling? will he therefore issue an ultimatum to the common market that unless it scraps the cap britain will get out?

Yes

our amendment, in fact, proposes a reduction of the net balance to be financed, by over 2 thousand billion: it is strange how the government (so concerned about the fate of public finances in Italy) expressed a negative opinion without ever entering into the lengthy discussion of these days, in the merit of the proposals, which were essentially three. on the first there was also an exchange of opinions with the Treasury Minister and I am sorry that, considering the discussion concluded prematurely, he left; the proposal provided for a limit of 10 percent - equal to the scheduled inflation ceiling - for all expenses not established by law to a greater extent, therefore excluding employment contracts. the treasury minister told us that in this way the vested rights of public employees regarding salaries were being interfered with: this is not true for contracts, but it may be true for career automatisms.

No

therefore, i believe that an objective assessment would suggest that the housing associations are getting a very fair deal at present, and i am sure that most of them would accept that view. since the rise in the price of milk over the past 12 months has been higher than the current rate of inflation, have the government given any consideration to the free importation of milk? or would that lead to the end of doorstep deliveries? i assume also that the figures are at current prices. although the measures, i imagine, will be kept in operation for some time, the figures can no doubt be adjusted according to what happens to inflation and to shetland trade. the proposal is a substantial help, although we still look for further help on the question of freights and fares generally.

No

that figure is stated to be at 1975 prices. god knows what the increase will be when one takes into account inflation. it will be enough to give the chancellor of the exchequer pneumonia.

No

But we are now giving aid worth 4.5 billion euros; That's almost 40 percent of a household in this country. We know exactly what happens when we give such amounts to such small countries, not only in terms of the absorption capacity of these countries - they cannot absorb that - but also in terms of price increases and the inflationary tendencies caused by so much money coming from outside. If, as it looks at the moment, this money only flows into budget aid, i.e. not into targeted measures, then of course this is also a program to stimulate corruption in Georgia.

Yes

what was the consequence? those 15 months were the only period under the labour government when our balance of payments improved, inflation came down, standards of living began to rise and industrial confidence increased. i simply cannot understand why, in the light of that experience when the recipe worked, the right hon.

No

for the economic revival, not only is the transfer of private consumption to public consumption necessary, but the formation of private savings is essential, which through banking channels must be transformed from a short-term investment into a medium and long-term investment, the massive withdrawal tax, a consequence of the provision under examination, will certainly leave little room for the formation of family savings. if we add to this the concerns created by the ongoing inflationary phenomenon, whereby citizens are more inclined to consume and get into debt, rather than to save, we realize why the necessary financing is not flowing into our production system. even the uncertainties of our political situation do not encourage savings.

No

there is a lot of confidence in the bbc at the moment, and that is emphasised in its submissions to the government in the response to the white paper. no doubt the bbc is re-examining its role for the 1990s, when there will be a possibility that, as subscriptions grow, the licence fee after 1991 will increase by less than the rate of inflation. in four or five years' time, the government of the day will have to consider what must happen to the licence fee, once the bbc's charter comes up for renewal at the end of 1996.

No

hordern) brought this out, not for the first time, earlier today. when the rate is fixed too low, the consequence is floods of moneythe germans have experienced this, and we have experienced itwhich bring with them the evils of inflation, once again coming home to millions of people, who have no suspicion of the origin of what it is that affects their daily lives. this is not an academic debate, and the interest in it is not academic.

Yes

before i was privileged to be elected to this place i was the leader of the county council when the conservatives were in control. during those years we never increased the rates by more than the rate of inflation. since the conservatives lost control, there has never been a year in which the rates have not increased by significantly more than the rate of inflation. indeed, the community charge is excessive to the extent of about 90 per person.

No

many of them refer to this as being "another nail" in their coffins. it is most disturbing to read their letters and the anxious expressions that they use, realising that they have to face a possible annual rate of inflation of 17 per cent. i contrast them with a group of people i saw a few minutes ago who were advocating a 30 per cent. increase in their wages. we must not forget that it is the effect of vast increases in wages which has caused a great deal of the inflation that we see at present. by means of the principle suggested in the amendment, we shall be able to introduce what might be called a threshold agreement into the tax system similar to that in the wages system.

Yes

we are not suggesting and have never suggested that we should throw money around and have a confetti money expansion of the economy. that would give rise to inflation and the brakes would have to be slammed on. it would damage the growth that we seek to achieve. that is not the way ahead. however, now that the government have a prospect of four or five years in office, one hopes that over that period they will pursue an economic strategy that gives rise to steady growth in the economy and a steady expansion of public expenditure that would not make inflation roar up again but would allow the growth in employment and wealth that everyone wants. i appeal to treasury ministers to stop pursuing the argument that they have a moral crusade to carry out against borrowing.

Yes

they can introduce tax relief under the state reserve scheme without throwing the whole scheme into the melting pot.

No

If social policy is so out of control, then that is also the success of a miserable economic policy. Inflation and unemployment have driven up social spending. They won't see that as an expansion of the welfare state. Social policy is the hospital truck that follows inflation and picks up those with foot problems. That's not the social policy we want.

No

The stability of the German mark is a great asset for the Germans. Our people's experiences with two hyperinflations this century, combined with the loss of assets and a deep distortion of the social structure of our country, have made it clear that a stable currency is always a guarantee of political stability. That's why our course is and remains geared towards the stability of the German mark. I think we have a lot to be happy about today when we take note of the news that the inflation rate has fallen to 2.9%, i.e. below 3%, for the first time in a long time. In the Maastricht Treaty we ensured that the future European central bank would practically correspond to the model of the German Bundesbank.

No

454 5]there has in recent months been a marked improvement in the economic outlook for scotland. but in the longer term the health of the scottish economy will depend upon the success of our counter-inflation measures and the maintenance of a high rate of growth. we all know what happened to the opposition's last housing target and we know what will happen if they get into power again.

No

There are technical reasons to include this tax dimension. As a householder, I would like to warn against using tax funds in an inflationary manner in the future. It's about the right ratio of contribution financing and an additional "tax fund for non-insurance benefits".

No

2 of 1997 but the previous one); However, we forget that the sliding scale for party funds was foreseen in that law but was abolished for salaries. at a time when interest rates are very low and inflation has reached limits that until a few years ago were absolutely unthinkable, at a time when the escalator is abolished for wages and even for pensions, we have the courage to maintain the revaluation based on the ISTAT index? one should blush with shame when faced with a situation of this type!, another observation concerns the figure of 4 thousand lire for each member of the electoral roll.

No

that is a greatly watered-down version of what used to be the government's objective, which was to achieve a balance, full stop. the result is that there can and should be agreement about the need for financial discipline and the need for strict inflation policies and the need to deliver on those policies. i welcome the chancellor's announcement of today, not because people like to pay for higher interest rates but because of the recognition that it was necessary to take action.

No