New inflation target set
Friday 13 June 1997
The Chancellor set a new target for inflation of 2.5 per cent, and said the Governor of the Bank of England would have to send an open letter of explanation whenever inflation rose above 3.5 per cent or fell below 1.5 per cent.
"I have tightened up the framework. I have made it more rigorous and I have made it more open," he said.
Report, page 24
Leading article, page 21
- 1 Howard Jacobson: Let’s see the 'criticism' of Israel for what it really is
- 2 Gingers face extinction due to climate change, scientists warn
Jennifer Lawrence face palms Emma Watson at Christian Dior show
Gingers face extinction due to climate change, scientists warn
Pamplona Running of the Bulls 2014: Briton critically injured in San Fermin festival
Elephant 'cries' while being rescued after 50 years of abuse in India
Google executive died on yacht after prostitute gave him fatal dose of heroin, say police
Sustained immigration has not harmed Britons' employment, say government advisers
British jihadist calls for 'flag of Islam' over Downing Street and Buckingham Palace
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
There’s a nasty smell in the political air – and it’s coming from the Tories
competitive: Real Staffing: VP - Group Compliance - Retail Bank A global banki...
£60000 - £75000 per annum + highly competitive package: Real Staffing: A leadi...
MARKET RATE: Real Staffing: A Global Banking organisation has some exciting gr...
£21084 - £31868 per annum: Randstad Education Chelmsford: We are looking for a...