§ Sir C. Osborneasked the Chancellor of the Exchequer, in view of the fact that the 7 per cent. Bank Rate has now 256W lasted longer than at any time since 1921, if he will give details of the economic circumstances in which it can be reduced; and if he will make a statement.
§ Mr. CallaghanI would refer the hon. Member to the statement I made in the House earlier today.