HC Deb 30 March 1987 vol 113 c395W
Mr. Wigley

asked the Chancellor of the Exchequer if he will publish a table showing the average base interest rates for each quarter of the last even years in the United Kingdom, together with corresponding figures for West Germany, Holland, Austria and Switzerland for the same period.

Mr. Ian Stewart

The information requested for the United Kingdom is set out in the table. I regret that comparable data for base rates are not available for the other countries.

United Kingdom Base Rates1 from the first quarter of 1980 (in per cent.)
Year
1980 Q1 17
Q2 17
Q3 16
Q4 15 ¼
1981 Q1 13½
Q2 12
Q3 12¼
Q4 15¼
1982 Q1 13 ¾
Q2 12 ¾
Q3 11¾
Q4 9¾
1983 Ql 10¾
Q2 10
Q3 9½
Q4 9
1984 Ql 9
Q2 9
Q3 11
Q4 10
1985 Ql 13
Q2 12¾
Q3 11¾
Q4 11½
1986 Ql 12¼
Q2 10½
Q3 10
Q4 10¾
1 Figures are quarterly averages.

SourceCSO, "Financial Statistics".