Retail Prices

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 Roy Hattersley Mr Roy Hattersley , Birmingham Sparkbrook 12:00 am, 5th December 1977

I am not sure that I am prepared to take a dinner wager until I hear with whom I shall have to have it. But my answer to the first question is "Yes". That is what I am saying. I believe that a single-figure inflation rate will be achieved in the spring of this year and will be maintained throughout 1978.