Governor of the Bank of England (Meeting)

HC Deb 16 February 1971 vol 811 c1596

18. Dr. Gilbert

asked the Chancellor of the Exchequer when he next expects to have an official meeting with the Governor of the Bank of England.

Mr. Barber

Soon.

Dr. Gilbert

I am glad to hear that. May I ask whether, when the Chancellor next has a meeting with the Governor, we may expect some relief from having to suffer under the highest system of interest rates in the industrialised world, which is leading us, despite the right hon. Gentleman's election pledges, to three consequences, all of them unfavourable: a drop in investment, an increase in the bankruptcy rate, and an inflow of hot money?

Mr. Barber

The meetings which I have with the Governor of the Bank of England are, of course, private. I have no doubt that the Governor of the Bank of England will take note of what the hon. Gentleman has said.