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Government Capital Expenditure

Part of Opposition Day — [3rd Allotted Day] – in the House of Commons at 6:08 pm on 2nd February 2009.

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Photo of Angela Eagle Angela Eagle The Exchequer Secretary, Member, Labour Party National Executive Committee 6:08 pm, 2nd February 2009

I was asking Mr. Gauke a question about monetary policy, should we get to the stage where interest rates in this country are as low as they have been in Japan and the USA. I was talking about a hypothetical situation, not one that is in existence, because, as Mr. Tyrie knows, interest rates are currently 1.5 per cent.

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