HC Deb 27 April 1971 vol 816 c59W
33. Mr. Fry

asked the Chancellor of the Exchequer if he will make an estimate of the effect of his Budget on interest rates.

Mr. Higgins

The Budget measures, taken by themselves, should ease some of the pressures on interest rates compared with what they would have been otherwise; but budgetary action is only one among many influences on the level of rates.