Economic Crisis

Part of Opposition Day — [20th Allotted Day] – in the House of Commons at 4:00 pm on 10th November 2008.

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Photo of Angela Eagle Angela Eagle The Exchequer Secretary, Member, Labour Party National Executive Committee 4:00 pm, 10th November 2008

As of the weekend, the important three-month LIBOR rate had come down from a peak of 6.4 per cent. to 4.4 per cent., which represents good progress. We will continue to monitor those numbers, but that has been a cause of significant relief throughout the financial system.

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