Interest Rates

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 28 February 1991.

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Photo of Mr Norman Lamont Mr Norman Lamont , Kingston upon Thames 12:00, 28 February 1991

I am not familiar with the figures cited by my hon. Friend, but it is true that high industrial expenditure—high expenditure in relation to turnover by firms—is a vital ingredient of economic success. That has been a feature of the Japanese economy for many years.