Oral Answers to Questions — Minimum Lending Rate

Part of the debate – in the House of Commons at 12:00 am on 5th March 1979.

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Photo of Mr Harold Lever Mr Harold Lever , Manchester Central 12:00 am, 5th March 1979

As the hon. Member is aware, minimum lending rate was reduced last Thursday to 13 per cent. It is not possible to insulate small firms from rises in market rates of interest. I am, however, aware that these rates may sometimes raise special problems for small firms and I shall continue to seek other ways to help them, as we have done in the past year or so.