§ 40. Mr. Croninasked the Chancellor of the Exchequer what would be the approximate saving per annum to the National Debt charge and to the United Kingdom balance of payments on current account if the Bank Rate were reduced from six to four per cent.
Mr. AmoryI have nothing to add to the replies given to the right hon. Member Huyton (Mr. H. Wilson) on 29th October, 1957, and to the hon. Member for Loughborough (Mr. Cronin) himself on 16th May, 1957.
§ Mr. CroninAs the right hon. Gentleman last week made a commendable advance towards lower interest rates, will he pluck up courage and advance still further in the immediate future?
Mr. H. WilsonIs the right hon. Gentleman aware that the Answer given to me on 29th October had nothing whatever to do with this Question? Will he now answer the Question?