§ Mr. Win GriffithsTo ask the Chancellor of the Exchequer if he will make a statement on the current level of interest rates.
§ Mr. LilleyBank base rates are 13 per cent.
§ Mr. DunnachieTo ask the Chancellor of the Exchequer what estimate he has made of the future movement in interest rates over the next year.
§ Mr. Lilley[holding answer 29 November 1988]: Interest rates will remain as high as they need be, for as long as it takes, to bring inflationary pressures back under control.