34. Mr. Alan W. WilliamsTo ask the Chancellor of the Exchequer what the effect of the Government's economic policies has been on the level of interest rates and the average cost of mortgages; and if he will make a statement. [150170]
§ Miss Melanie JohnsonGovernment policies have delivered economic stability and historically low interest rates. Payments on the average mortgage are over £1,000 a year lower than on average between 1979 and 1997.