§ Mr. LlwydTo ask the Chancellor of the Exchequer when he last met representatives of the four main clearing banks to discuss the question of interest rates cuts being passed onto their customers; and if he will make a statement.
§ Mr. NelsonMy right hon. Friend the Chancellor last met representatives of the four main clearing banks from 15 to 17 December and discussed with them the question of passing on cuts in the base rate to their business customers. He announced the outcome of those discussions and the results of a related study by the Bank of England in a reply to a question from the hon. Member for Chelmsford (Mr. Burns) on 26 January 1993 at columns 623–25.