Interest Rates

HC Deb 16 December 1976 vol 922 c846W

28. Mr. Watkinson

asked the Chancellor of the Exchequer if he remains satisfied with the present level of interest rates.

Mr. Denzil Davies

Higher interest rates were required during the autumn to validate the Government's financial policies. But my right hon. Friend has no desire for the present levels to continue any longer than is necessary.