HC Deb 08 February 1980 vol 978 cc380-1W
Mr. Haynes

asked the Chancellor of the Exchequer, in the light of the effects of high interest rates on industry in the Ashfield constituency, if he will take action to lower the rates forthwith.

Mr. Lawson

The high level of interest rates is necessary at present to ensure firm control over monetary growth. Lower interest rates will be possible as our policies reduce the rates of monetary growth and inflation.

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