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Interest Rates

Volume 481: debated on Thursday 23 October 2008

To ask the Chancellor of the Exchequer what steps he is taking in partnership with the Bank of England to reduce the spread between official interest rates and the three-month London inter-bank offered rate; and if he will make a statement. (228789)

The Chancellor announced on 8 October a comprehensive package to address sector wide concerns regarding liquidity and solvency and to restore confidence.