Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 23rd January 1986.

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Photo of Mrs Margaret Thatcher Mrs Margaret Thatcher The Prime Minister, Leader of the Conservative Party 12:00 am, 23rd January 1986

I gladly support the last aspect of my hon. Friend's question. We would all like lower interest rates, but there are other things, like the level of inflation, at which we have to look as well. We would all like lower taxes, and that means being very careful in budgeting for public expenditure. With regard to keeping industry competitive, it is vital that any wage increases should go hand in hand with productivity increases.