Mr Major’s Written Parliamentary Answer on the Gross Domestic Product Deflator – 10 November 1988

Below is the text of Mr Major’s written Parliamentary Answer on the Gross Domestic Product Deflator on 10th November 1988.

Dr. Bray To ask the Chancellor of the Exchequer by what percentage the gross domestic product deflator assumed for the financial year 1989-90 in table 1 of his autumn statement on public expenditure plans exceeds the gross domestic product deflator assumed for 1989-90 in his autumn statement in 1987.

Mr. Major [holding answer 9 November 1988]: In the 1988 autumn statement, the GDP deflator is assumed to rise by 5 per cent. in 1989-90. The corresponding assumption in the 1987 autumn statement was 3.5 per cent.