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

Without notice I cannot give my hon. Friend the cost in interest charges to the end of the century, or to any particular time. The present high rates of interest are undoubtedly exceedingly costly. No one will welcome more than I shall any reduction in interest rates on all borrowings which the Chancellor of the Exchequer is able to make.