§ Mr. Austin Mitchell
To ask the Chancellor of the Exchequer what assessment he has made of the likely change in the price of foreign holidays in 1993 and 1994 as 161W a result of the fall in nominal exchange rates since September 1992; and if he will exclude such changes from the retail prices index.
§ Mr. Nelson
An assessment of the effects of depreciation on all prices was built into my right hon. Friend's Budget forecast for underlying inflation. Changes in the price of foreign holidays have been included in the retail prices index from January this year, as recommended by the RPI Advisory Committee.