§ 19. Mr. Meacherasked the Chancellor of the Exchequer if he will make a statement on the effects of the abolition of exchange controls upon the current levels of domestic borrowing and interest rates.
§ 27. Mr. Dobsonasked the Chancellor of the Exchequer what effect the abolition of exchange controls and the increase in overseas capital flows has had upon the level of domestic interest rates.
§ 28. Mr. Haynesasked the Chancellor of the Exchequer what effect the abolition of exchange controls has had upon the British economy.
§ Mr. MooreThe abolition of exchange controls has kept the exchange rate lower than it would otherwise have been. The effects on interest rates are complex and difficult to quantify but are likely to have been small. As a net result, ouput, investment and employment are probably higher than they would otherwise have been.