§ 16. Mr. Home Robertson
asked the Chancellor of the Exchequer whether he expects a reduction in interest rates as a result of the recently announced reduced outturn of the public sector borrowing requirement for 1981–82.312W
§ 31. Mr. Rooker
asked the Chancellor of the Exchequer what effect the lower than anticipated public sector borrowing requirement will have on interest rates.
§ Mr. Brittan
Interest rates have already fallen since last autumn. The lower than forecast outturn on the public sector borrowing requirement in 1981–82 does not necessarily presage a lower outturn in 1982–83. It is, of course, the outturn in 1982–83 that exerts an influence on interest rates in that year.