HC Deb 24 March 1977 vol 928 c636W
40. Mr. Watkinson

asked the Chancellor of the Exchequer, if he is satisfied with the level of interest rates.

Mr. Healey

Since late October 1976, short-term interest rates have fallen by about 5 percentage points, and long-term interest rates by nearly 3 percentage points; a little under half of these falls has occurred since my reply to my hon. Friend on 27th January. Lower interest rates will help to support the Government's aims for industrial expansion.

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