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 Robert Elliott Mr Robert Elliott , Newcastle upon Tyne North 12:00 am, 5th March 1979

Does the right hon. Gentleman agree that the high figure which was reached for MLR was reached in a state of panic and was not connected with any sense of reality?