§ Mr. Marlowasked the Lord Privy Seal how the European Economic Community loan for the Italian earthquake is to be raised; and what financial effects this will have in the United Kingdom, in particular with regard to pressure on interest rates.
§ Mr. HurdNo decision has been taken on the method of raising loans for Italy to help with reconstruction following the recent earthquake. We would not expect any such loans to have a noticeable effect on the level of United Kingdom interest rates.