Part of Budget Resolutions and Economic Situation – in the House of Commons at 7:42 pm on 10 March 1992.
I suggest that the hon. Gentleman looks to his books because that is not true. Under the last Labour Government, inflation went up to 27 per cent. If I remember rightly, at the end of 1978 it was around 19 per cent. The hon. Gentleman can check the figures.