§ 49. Mr. Oakesasked the Chancellor of the Exchequer what proposals he has received from building societies for fiscal or other assistance as an alternative to increasing interest rates to house owners.
§ Mr. DiamondNone in recent months.
§ 50. Mr. Oakesasked the Chancellor of the Exchequer what further discussions he plans to hold with the Building Societies Association over the proposed increase in interest rates to home buyers.
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§ Mr. DiamondI have no immediate plans for further discussions; but, as I have said, we shall watch the position very carefully to ensure that building societies lose no opportunity of lowering rates that a general fall in interest rates may present.