Household Budgets

Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 1st March 2007.

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Photo of Fiona Mactaggart Fiona Mactaggart Labour, Slough 10:30 am, 1st March 2007

I know that householders will be grateful for low interest rates under this Government. Even the present, slightly increased interest rates are lower than those that prevailed for all but seven months of the years up to 1997. Has my hon. Friend noticed that our Government's record is significantly better than that in the 18 preceding years, in which interest rates were in double digits for 11 and a half years?