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Mr. Wigley
asked the Chancellor of the Exchequer if he will publish a table showing the average base interest rates for each quarter of the last even years in the United Kingdom, together with corresponding figures for West Germany, Holland, Austria and Switzerland for the same period.
Mr. Ian Stewart
The information requested for the United Kingdom is set out in the table. I regret that comparable data for base rates are not available for the other countries.
United Kingdom Base Rates1 from the first quarter of 1980 (in per cent.) | |
Year | |
1980 | Q1 17 |
Q2 17 | |
Q3 16 | |
Q4 15 ¼ | |
1981 | Q1 13½ |
Q2 12 | |
Q3 12¼ | |
Q4 15¼ | |
1982 | Q1 13 ¾ |
Q2 12 ¾ | |
Q3 11¾ | |
Q4 9¾ | |
1983 | Ql 10¾ |
Q2 10 | |
Q3 9½ | |
Q4 9 | |
1984 | Ql 9 |
Q2 9 | |
Q3 11 | |
Q4 10 | |
1985 | Ql 13 |
Q2 12¾ | |
Q3 11¾ | |
Q4 11½ | |
1986 | Ql 12¼ |
Q2 10½ | |
Q3 10 | |
Q4 10¾ | |
1 Figures are quarterly averages. |
Source: CSO, "Financial Statistics".