§ Mr. Deakinsasked the Chancellor of the Exchequer what assessment he has made of the effect of a 13 per cent. bank rate on industrial investment.
§ Mr. NottThe Government do not expect that the measures which were taken on 13th November to slow down the expansion of money and credit to rates which are compatible with the sustainable growth in the economy will affect industrial investment. British industry is at present highly liquid, and one should not assume that interest rates will necessarily stay at their new levels for long. The latest surveys show investment intentions at record levels.