International Monetary Fund

Part of Oral Answers to Questions — Oral Answers to Questions – in the House of Commons at 12:00 am on 5th December 1977.

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Photo of Mr Neil Marten Mr Neil Marten , Banbury 12:00 am, 5th December 1977

Is the Minister aware that in earlier answers this afternoon the question of the Barber printing period as affecting inflation—which has to do with the IMF—was mentioned? Does he recall an answer given by the Chancellor of the Exchequer at columns 215–16 of Hansard on 24th March 1976, when I asked what were the five most important causes of inflation between the General Election of February 1974 and March 1976, and the answer was that labour costs were 50 per cent., import costs 20 per cent.—