HC Deb 08 June 1989 vol 154 cc200-1W
18. Mr. Cryer

To ask the Chancellor of the Exchequer if he will make a statement on the impact of current level of interest rates on the development of manufacturing industry.

Mr. Major

Manufacturing investment reached a record level in 1988 and the outlook is for continued strong growth.

55. 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.

98. Mr. Darling

To ask the Chancellor of the Exchequer what are the current interest rates in(a) the United Kingdom, and (b) the rest of the G7.

Mr. Lilley

I refer the hon. Member to the answer my right hon. Friend the Chancellor gave earlier today to the hon. Member for Monklands, West (Mr. Clarke).

117. Mr. Tony Lloyd

To ask the Chancellor of the Exchequer what is his policy in respect of establishing stable interest rates.

Mr. Lilley

Interest rates are set at the appropriate level to maintain downward pressure on inflation.