HC Deb 23 January 2003 vol 398 c421W
17. Mr. Viggers

To ask the Chancellor of the Exchequer if he will make a statement on the recent effect of interest rates upon the balance of payments. [92749]

Ruth Kelly

It is difficult to isolate the specific effect of interest rate movements on the balance of payments. However, the Government's strong macroeconomic framework has delivered economic stability and historically low interest rates so that the UK economy is well placed to benefit as the pace of global recovery picks up.

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