Below is the text of Mr Major’s written Parliamentary Answer on the Retail Prices Index on 4th July 1990.
Mr. Forman To ask the Chancellor of the Exchequer, pursuant to the answer to the hon. Member for Carshalton and Wallington, 20 December 1989,Official Report, column 242, whether he has now received a report from the Retail Prices Index Advisory Committee.
Mr. Major I have today received a report from the RPI Advisory Committee. It examines how to incorporate the price of holidays into the RPI and certain other issues in its work programme. On the price of holidays the report recommends that the CSO should collect data and examine a new methodology which will have to be subjected to further scrutiny before it could be incorporated into the RPI. I will present the report to Parliament and announce the Government’s decision on the recommendations in due course.