§ 27. Mr. BoothTo ask the Chancellor of the Exchequer what effect interest rate changes since October 1990 have had on industry's interest rate bill.
§ Mr. NelsonIt is estimated that interest rate changes from October 1990 to date, when fully passed on, will have lowered companies' interest bills by at least £10.5 billion a year.
§ 29. Mr. MullinTo ask the Chancellor of the Exchequer what representations he has received about interest rates levied by the main clearing banks; and if he will make a statement.
§ Mr. NelsonMy ministerial colleagues and I continue to receive letters from clearing banks' personal and business customers about interest rates, but their number is diminishing, with rates now at levels well below those of a few years ago.