Interest Rates, Unemployment And Tobacco Taxation

EDM number 157 in 1989-90, proposed by Michael J Martin on 05/12/1989.

That this House views with concern the threat of recession and increased unemployment arising from current high rates of interest; notes that Mr Chancellor of the Exchequer insists that such interest rates are necessary to bring down inflation; recalls that the previous Chancellor froze duty on tobacco products in the 1989 Budget as one means of restraining inflation; and, therefore urges the Chancellor to continue that freeze in the 1990 Budget as a more acceptable means of bearing down on inflation, as well as assisting to maintain employment in the tobacco manufacturing and associated industries and reducing the level of imported foreign cigarettes which add to Britain's trade deficit.

This motion has been signed by a total of 17 MPs.