Orders of the Day — Budget Resolutions and Economic Situation

Part of the debate – in the House of Commons at 6:02 pm on 20 March 1985.

Alert me about debates like this

Photo of Mr Doug Hoyle Mr Doug Hoyle , Warrington North 6:02, 20 March 1985

The hon. Gentleman talks about interest rates being higher. Present interest rates are only high compared to previous rates under his Government. In fact, interest rates in real terms are overall about 30 per cent. below the rates in relative terms than when we were in government, and there was real spending power.