§ 17. Mr. ViggersTo ask the Chancellor of the Exchequer if he will make a statement on the recent effect of interest rates upon the balance of payments. [92749]
§ Ruth KellyIt is difficult to isolate the specific effect of interest rate movements on the balance of payments. However, the Government's strong macroeconomic framework has delivered economic stability and historically low interest rates so that the UK economy is well placed to benefit as the pace of global recovery picks up.