Margaret Hilda Thatcher18 June 1980
The British annual inflation rate stands at 21%, the first fall in two years
Great Britain · Government / Conservative Party Government. Chronological records rendered directly from the World History Database.
The British annual inflation rate stands at 21%, the first fall in two years
Sees inflation begin to fall after reaching very high levels.
Pensions and social security will increase by 1% less than inflation
Inflation reaches a low point of 3.7%
Points to lowest inflation since 1968 & record productivity
Lawson raises personal income-tax allowances above inflation as part of the Government's tax policy in 1985.
Critics later associate the policy mix of the late 1980s with increasing inflationary pressure during the Lawson boom.
The 1988 Budget's large reductions in income-tax rates form part of the fiscal policy later debated in connection with inflationary pressures during the Lawson boom.
With UK inflation at three times the rate of Germany's, interest rates at 15% and the "Lawson Boom" about to bust, the conditions for joining the European Exchange Rate Mechanism (ERM) were not favourable at that time
Inflation rises to 10.9%
Annual all-items RPI inflation accelerates from about 4.9 percent in 1988 to 7.8 percent in 1989 and 9.5 percent in 1990.
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