Written question asked by Lord Howard of Lympne (Conservative) on Monday, 16 June 2003, in the House of Commons. It was due for an answer on Thursday, 19 June 2003. It was answered by John Healey (Labour) on Thursday, 19 June 2003 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what advice has been received from the RPI Advisory Committee regarding his intention to give the Bank of England an inflation target as measured by the Harmonised Index of Consumer Prices; and what further consultation is planned with this Committee.

Answer: Mr. Howard: To ask the Chancellor of the Exchequer what advice has been received from the RPI Advisory Committee regarding his intention to give the Bank of England an inflation target as measured by the Harmonised Index of Consumer Prices; and what further consultation is planned with this Committee. [120332] John Healey: None. The RPI Advisory Committee is not a Standing Committee. If it were convened, it would be to make recommendations to the Chancellor on proposed changes to the construction of the RPI, not to give advice on inflation target or monetary policy.

Secondary information

Type: Written question
Reference: 120332; 407 c384W;407 c385W
Session: 2002-03
Subjects: Bank of England Inflation Retail prices index Consumer prices index Retail Prices Index Advisory Committee
Link: View this Written question on www.publications.parliament.uk