§ Mr. Campbell-Savoursasked the Chancellor of the Exchequer if he will make a statement on the implications for the economy of the recent level of interest rates.
§ Mr. Ian StewartThe level of interest rates is only one of the factors affecting the economy. This year we expect the economy to continue the steady growth that we have seen for the past five years.
§ Mr. Bruceasked the Chancellor of the Exchequer if he will give the United Kingdom's present position with regard to the level of interest rates in the Organisation for Economic Co-operation and Development league tables; and if he will make a statement.
§ Mr. Ian StewartInterest rates in several OECD countries are higher than in the United Kingdom.