HC Deb 09 July 1987 vol 119 c251W
8. Dr. Bray

asked the Chancellor of the Exchequer what information he has on the current level of real short-term interest rates in the United Kingdom by comparison with those in the United States, the Federal Republic of Germany and Japan.

Mr. Lawson

Real short-term interest rates in the United Kingdom are currently about ½ per cent. higher than the average of the seven major industrial countries.

20. Dr. Godman

asked the Chancellor of the Exchequer if he will make a statement on the present level of interest rates.

Mr. Lilley

I refer the hon. Member to the answer I gave earlier to the hon. Member for Western Isles (Mr. Macdonald).

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