Interest Rates (Hansard, 6 November 1986)

HC Deb 06 November 1986 vol 103 c517W 517W

§ 23. Mr. Fisher
asked the Chancellor of the Exchequer if he will make a statement about the current level of interest rates.

§ Mr. Ian Stewart
Base rates are 11 per cent.

§ 36. Mr. Dubs
asked the Chancellor of the Exchequer what effect the recent rise in interest rates will have on (a) inflation and (b) Government expenditure.

§ Mr. MacGregor
The recent rise in interest rates was necessary to maintain steady downward pressure on inflation. The level of interest rates is only one of a number of factors that are taken into account in the public expenditure survey, the outcome of which will be announced in the Autumn Statement.