HC Deb 05 April 1984 vol 57 c625W
8. Mr. John Browne

asked the Chancellor of the Exchequer what will be the effect of the mortgage rate cut on the retail price index.

Mr. Lawson

The direct effect on the RPI of the 1 per cent. cut in the mortgage interest rate announced on 16 March is estimated at 0.35 per cent.