HC Deb 25 July 1984 vol 64 c634W
Mr. Alton

asked the Chancellor of the Exchequer what effects he expexts the rise in interest rates to have on industrial investment; and whether he will make a statement.

Mr. Ian Stewart

Sharply improved levels of company profits and liquidity mean that industry should be able to bear the strain of higher interest rates, while they last, better than in the past. The effect on industrial investment should be limited.