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Geoffrey Howe's tenure as Chancellor was noted for policies aimed at reducing what?

  • Inflation

  • Unemployment

  • Crime rates

  • Income tax

Answer

Inflation, the persistent increase in prices, was a major concern during Geoffrey Howe's time as Chancellor. Howe implemented policies aimed at reducing inflation, including controlling government spending, raising interest rates, and reducing the money supply. These measures helped to curb inflation, which fell from 21.9% in 1979 to 4.6% in 1983.
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