Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 11th October 1976.

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Photo of Dr Jeremy Bray Dr Jeremy Bray , Motherwell and Wishaw 12:00 am, 11th October 1976

Does my hon. Friend think that it is practicable to have interest rates lower than the rate of inflation so that we have negative real interest rates for any length of time?