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Mr. Allen
To ask the Chancellor of the Exchequer when he expects interest rates to fall.
Mr. Ryder
Interest rates will be kept as high as is needed for as long as is needed to bring down inflation.
Mr. Bell
To ask the Chancellor of the Exchequer what estimate he has made of the impact of high interest rates on the number of unemployed; and if he will make a statement.
Mr. Ryder
The current level of interest rates is designed to bring down inflation. High inflation is the greatest threat to jobs.
Ms. Abbott
To ask the Chancellor of the Exchequer if he will make a statement on interest rates.
Mr. Ryder
Bank base rates are 15 per cent.