§ Lord Tebbit
asked Her Majesty's Government:
Whether the speech of the Chancellor of the Exchequer to the European Policy Forum on 10th July 1992, which dealt with the exchange rate mechanism and inflation, remains the Government's policy.
The Earl of Caithness
The Govenment continue to believe that the control of inflation is fundamental to the long term health of the economy and that sterling's membership of the ERM helped to bring about a significant reduction in inflation.