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Tax And Price Index

Volume 974: debated on Monday 19 November 1979

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49.

asked the Chancellor of the Exchequer to what extent the rise in the tax and price index has been caused by price increases in the pipeline when he took office.

asked the Chancellor of the Exchequer what has been the effect on the tax and price index of price increases already in the pipeline at the time he took office.

Since movements in the price component of the tax and price index reflect movements in the retail prices index, I refer the hon. Member to the Secretary of State for Trade's reply of 22 October to my hon. Friend the Member for Romford (Mr. Neubert)—[Vol. 972, c. 14].

50.

asked the Chancellor of the Exchequer what is the latest figure for the year-on-year increase in the tax and price index.

The tax and price index in October was 14·8 per cent. higher than a year earlier.