Mr Lamont's 57th variety

Article Abstract:

Lamont added some substance to government plans to encourage economic growth in a statement he issued on Nov 12, 1992. He promised to limit pay for government jobs, ended tax on new cars and agreed that extra funds should be used to buy empty houses depressing the real estate market.

Government spending policy

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The bill's in the post

Article Abstract:

Chancellor of the Exchequer Norman Lamont's budget is based on his hope that the recession has ended, but such optimism does not make for good economic policy. His approach toward reducing public borrowing and aiding business is not sufficient to reduce the deficit.

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Target practice: inflation

Article Abstract:

The Bank of England reports inflation will continue to be around 4% despite the government's goal of price stability. Norman Lamont's anti-inflation policy is not practical especially in light of the fact that government offices keep raising their own prices.

Bank of England, Forecasts and trends, Political aspects, Inflation (Finance), Inflation (Economics)

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