1987-1990 - Mr Major’s Written Parliamentary Answer on Inflation
Below is the text of Mr Major's written Parliamentary Answer on Inflation on 18th January 1990.
Mr. Denzil Davies To ask the Chancellor of the Exchequer what assessment he has made of the effect of the growth of average earnings over the last six months on the rate of inflation.
Mr. Major Excessive pay settlements primarily threaten job prospects. The Government will not bail out employers who do not control their costs.