CHANCELLOR WARNS INFLATION WILL GO UP:

CHANCELLOR WARNS INFLATION WILL GO UP:

CHANCELLOR WARNS INFLATION WILL GO UP:.||b) (Perkins,Anne)|ENGLAND TGV Chamber (fully attended)|London|HOC TCMS John Major (Chancellor) speech excerpt SOF| (Inflation remains the main economic problem/| downward path may well be erratic)|| TBV Alan Beith (Liberal Democrats Treasury Spokesman)| rises to speak, Major seated in b/g| TCMS Alan Beith responds to Chancellor (mute)|| TCMS John Major MP reply SOF - only remedy to high| (Only remedy to high inflation is high interest rates)|| TCMS Neil Kinnock (Labour Leader) speech SOF| (Claims that the amount of extended credit should be| limited in order to tackle underlying problem without| harming economy)|| TMS Kinnock sits as Major rises to reply| TMS SIDE Major takes seat after replying| TMS Opposition benches|| TCMS Edward Heath (Former PM) speech SOF| (Argues that credit control has been very effective in| the past/Britain has worst infrastructure of any| western country)| SEQ Heath standing making speech|| TCMS John Smith (Shadow Chancellor) speech SOF| (Castigates the govt for making life so hard for so| many)|| TCMS Allan Beith (Liberal Democrat Treasury) spokesman| speech SOF| (Uncertainty about what government attitude is towards| Europe and towards exchange rate and monetary policy)|| EXT/NIGHT|HOP MS Westminster hall and Victoria Tower as traffic in f/g|| TX 28.11.89/C4N