HC Deb 12 July 1984 vol 63 cc666-7W
26. Mr. Campbell-Savours

asked the Chancellor of the Exchequer why interest rates are rising.

31. Mr. Hirst

asked the Chancellor of the Exchequer if he will make a statement about current interest rates.

34. Mr. Barron

asked the Chancellor of the Exchequer if he is satisfied with the present level of interest rates.

Mr. Ian Stewart

Interest rates reflect conditions in the market, which has been turbulent in face of pressure from United States interest rates. There is nothing in the domestic monetary situation to justify such high rates, and I hope they will be short-lived.