Mr Major’s Written Parliamentary Answer on Budget Strategy – 14 July 1988

Below is the text of Mr Major’s written Parliamentary Answer on Budget Strategy on 14th July 1988.

Mr. Madel To ask the Chancellor of the Exchequer what assessment he has made of the implications of the current rate of pay settlements for the implementation of his Budget strategy; and if he will make a statement.

Mr. Major The Government’s policy of not accommodating domestic cost increases implies that excessive pay settlements are a threat to jobs rather than inflation over the medium term.