HC Deb 06 July 1989 vol 156 cc223-4W
22. Mr. David Evans

To ask the Chancellor of the Exchequer what estimate he has as to the likely direct effect on investment intentions of a 1 per cent. change in interest rates over a period of 12 months.

Mr. Lilley

Despite the sharp rise in short-term interest rates over the past year, the DTI investment intentions survey published on 12 June indicated that industrial investment was expected to rise by 13 per cent. in 1988.

24. Mr. Mullin

To ask the Chancellor of the Exchequer what representations he has received from small businesses on the current level of interest rates.

Mr. Lilley

I refer the hon. Member to the reply my right hon. Friend the Chief Secretary gave earlier today to the hon. Member for Gateshead, East (Ms. Quin).

185. Mr. Knox

To ask the Chancellor of the Exchequer if he will make a statement about the current level of interest rates.

Mr. Lilley

Bank base rates are 14 per cent.

79. Mr. Ronnie Campbell

To ask the Chancellor of the Exchequer what representations he has received from the Confederation of British Industry about the current level of interest rates.

80. Mr. Murphy

To ask the Chancellor of the Exchequer what representations he has received from the Confederation of British Industry about the current level of interest rates.

81. Mr. Clay

To ask the Chancellor of the Exchequer what representations he has received from the Confederation of British Industry about the current level of interest rates.

85. Mr. Clelland

To ask the Chancellor of the Exchequer what representations he has received from the Confederation of British Industry about the current level of interest rates.

Mr. Lilley

None.

50. Mr. Loyden

To ask the Chancellor of the Exchequer what representations he has received from small businesses on the current level of interest rates.

71. Mr. Winnick

To ask the Chancellor of the Exchequer what representations he has received from small businesses about the present level of interest rates.

194. Mr. Randall

To ask the Chancellor of the Exchequer what representations he has received from small businesses on the current level of interest rates.

Mr. Lilley

I refer the hon. Member to the reply my right hon. Friend the Chief Secretary gave earlier today to the hon. Member for Gateshead, East (Ms. Quin).

47. Mr. Turner

To ask the Chancellor of the Exchequer if he plans to meet representatives from small businesses to discuss the present level of interest rates.

172. Mr. Michael Welsh

To ask the Chancellor of the Exchequer if he plans to meet representatives from small businesses to discuss the present level of interest rates.

Mr. Lilley

My right hon. Friend has no plans for specific meetings of this kind.

35. Mr. Skinner

To ask the Chancellor of the Exchequer what representations he has received regarding the level of interest rates; and if he will make a statement.

Mr. Lilley

My right hon. Friend has received a number of representations on this subject.

29. Mr. Madden

To ask the Chancellor of the Exchequer what is the present level of interest rates in(a) the United Kingdom and (b) West Germany.

46. Mr. Martlew

To ask the Chancellor of the Exchequer what is the present level of interest rates in(a) the United Kingdom and (b) West Germany.

108. Mr. McAllion

To ask the Chancellor of the Exchequer what is the present level of interest rates in(a) the United Kingdom and (b) West Germany.

142. Mr. Maxton

To ask the Chancellor of the Exchequer what is the present level of interest rates in(a) the United Kingdom and (b) West Germany.

Mr. Lilley

On 4 July, three-month money market rates in the United Kingdom were 14 per cent., compared with 7.2 per cent. in Germany.