EC (Cost)

Part of the debate – in the House of Commons at 5:37 am on 14 March 1991.

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Photo of Mr Chris Smith Mr Chris Smith , Islington South and Finsbury 5:37, 14 March 1991

Does the hon. Gentleman agree with the Governor of the Bank of England that it was not right for the Government to reduce interest rates at the same time as joining the ERM?