Interest and Exchange Rates

HC Deb 11 February 1982 vol 17 cc467-8W

5. Mr. Golding

asked the Chancellor of the Exchequer what study he has made of the West Midlands Confederation of British Industry publication "Winning Through", calling for lower and more stable interest rates and exchange rates and an increase in capital spending by the public sector; and whether he will make a statement.

Mr. Brittan

I have studied the West Midlands Confederation of British Industry publication "Winning Through" with considerable interest. I am particularly encouraged that the survey upon which the document is based provides clear evidence that firms are improving their competitiveness and efficiency. this is the true foundation for sustainable recovery.