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

Yes, I am. I am sure that the right hon. Gentleman agrees with me about the responsibility for inflation beginning during that period, and that he applauds, as I do, the fact that we have applied considerable monetary restraints over the last year and a half. That certainly makes a contribution towards the improvement in the inflation prospects, but it is not the whole story.