§ Mr. Craigen
asked the Chancellor of the Exchequer what would be the reduction in public expenditure in a full year from a 1 per cent., 2 per cent, or 3 per cent, reduction in the minimum lending rate.
§ Mr. Brittan
The reduction in public expenditure in a full year resulting from reductions in minimum lending 259W rate would depend on the subsequent development of the economy. I regret therefore that I cannot provide an estimate.