The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

1990Chancellor (1989-1990)

Mr Major’s Written Parliamentary Answer on Inflation – 18 January 1990

Below is the text of Mr Major’s written Parliamentary Answer on Inflation on 18th January 1990.

Mr. Denzil Davies To ask the Chancellor of the Exchequer what assessment he has made of the effect of the growth of average earnings over the last six months on the rate of inflation.

Mr. Major Excessive pay settlements primarily threaten job prospects. The Government will not bail out employers who do not control their costs.