Balance of Payments

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 27th October 1988.

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Photo of Alistair Darling Alistair Darling Shadow Spokesperson (Home Affairs) 12:00 am, 27th October 1988

Does the Chancellor accept that his policy of high interest rates will make it more difficult for businesses to borrow money to start investing and producing goods in this country and, therefore, make the balance of payments crisis even worse?