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Monetary Policy Committee — Question

Part of the debate – in the House of Lords at 3:22 pm on 6th July 2011.

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Photo of Lord Eatwell Lord Eatwell Shadow Spokesperson (Treasury) 3:22 pm, 6th July 2011

My Lords, would the Minister agree that increases in commodity prices and oil prices affect the economy of France, Germany and the United States just as much as they do of Britain? Why then is Britain's inflation rate more than twice that of France, twice that of Germany and significantly greater than that of the United States?