Engagements

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 28 June 1983.

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Photo of Dr David Owen Dr David Owen , Plymouth, Devonport 12:00, 28 June 1983

As real interest rates have never been higher, has the Prime Minister discovered that mortgage payers are now not just disappointed but angry, particularly those who may have been unwise enough to vote Conservative? Would it not have been right to ask the Governor of the Bank of England to persuade the clearing banks to withdraw rather more slowly from the mortgage market? When she sees Lord Richardson, might it not be a good idea to suggest that he ask the clearing banks to ensure that they do not intervene again so rapidly and withdraw so quickly from the mortage market?