HC Deb 11 November 1976 vol 919 cc251-2W
Mr. Gorst

asked the Chancellor of the Exchequer if he will consider establishing two rates of interest for minimum lending rate so that the private sector of industry can borrow money required for investment in new machinery, plant or other wealth-creating enterprises at a lower cost than that imposed on nonproductive borrowing.

Mr. Denzil Davies

I shall let the hon. Member have a reply as soon as possible.