Green Pound

Part of Oral Answers to Questions — Agriculture, Fisheries and Food – in the House of Commons at 12:00 am on 20 June 1991.

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Photo of John Gummer John Gummer Secretary of State for Agriculture, Fisheries and Food 12:00, 20 June 1991

My right hon. Friend is perfectly right about that. You, Mr. Speaker, will recognise that the reduction of interest rates has been brought about by the Government's positive policy and our ability to get inflation under control. However, I am sure that you would want me to remind the Opposition that their policies would push interest rates up again and increase taxation to levels that we have not experienced for 15 years.