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Economy: Growth — Motion to Take Note

Part of the debate – in the House of Lords at 5:44 pm on 29th January 2013.

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Photo of Lord Forsyth of Drumlean Lord Forsyth of Drumlean Conservative 5:44 pm, 29th January 2013

I most grateful to my noble friend for giving way. I wonder whether I might tempt him on this very important point concerning how quantitative easing has artificially lowered gilt yields, which are used to calculate the liabilities, and therefore businesses are having to contribute money. Would a simple change not be to take the yields on corporate bonds as the measure instead of gilt yields?