Skip to main content

Interest Rates

Volume 975: debated on Monday 3 December 1979

The text on this page has been created from Hansard archive content, it may contain typographical errors.

17.

asked the Secretary of State for Wales what estimate he has made of the impact of current interest rates on business in Wales.

While high interest rate are unwelcome to business, they are an essential means at this stage of controlling the money supply and reducing inflation, which in the end will benefit business and the country as a whole.