§ Mr. Knoxasked the Chancellor of the Exchequer how often the Bank Rate has increased and decreased since 1958; and what are the comparable figures for the member countries of the European Economic Community, from information available from international sources.
§ Mr. HigginsSince the beginning of 1958 there have been the following changes in the Bank Rates of the United Kingdom and of the member countries of the European Economic Community:
Increases Decreases United Kingdom 10 22 Belgian/Luxembourg 12 20 France 5 8 Germany 10 14 Italy 3 2 Netherlands 8 8
§ Mr. Hayhoeasked the Chancellor of the Exchequer what limitation British membership of the European Economic Community will impose upon his freedom to alter the Bank Rate.
§ Mr. HigginsNone.