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Inflation Accounting

Volume 893: debated on Thursday 12 June 1975

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asked the Chancellor of the Exchequer when he now expects the Sandilands Committee on Inflation Accounting, to report; when it was originally hoped that it would report; and what is the reason for the delay.

I understand the committee hopes to submit its report quite shortly. Following a discussion with the chairman of the committee last February the Government announced that they hoped to receive the committee's report at about the end of April. The detailed work of preparation has taken a little longer than expected although the time taken is considerably less than the original estimate of two years from January 1974.