John Major on the economy

Title

John Major on the economy

Genre

News report; Speech

TX Date

18 May 1990

Year of production

1990

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Duration

00:03:20

Description

Chancellor John Major says interest rates will have to stay high in an effort to control inflation. He conceded at the Confederation of British Industry’s annual dinner that the Government’s monetary policy should have been tighter to hold down inflation, and he warned of a difficult year ahead for the economy following a rise in unemployment. Clive Myrie reports.

Contributors

John Major; Gordon Brown; Clive Myrie

Keywords

Government; Inflation; UK; Unemployment; Economic systems; Interest rates; Confederation of British Industry

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