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West Cumbria

Volume 13: debated on Thursday 19 November 1981

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40.

asked the Chancellor of the Exchequer whether he will commission a study of the effects of a high interest rates policy on areas such as West Cumbria.

No. While I appreciate the difficulties that high interest rates create, it is extremely difficult to differentiate on a regional basis between their effects and those of inflation, high wage increases and poor productivity.