The interest rate is 5 per cent. The hon. Gentleman might wish to stand up and tell us what were the interest rates under the last Conservative Government. If I remember rightly, the interest rate averaged 10 per cent. and it was 15 per cent. for more than one year. The average mortgage rates were 11 per cent.
Treasury and Work and Pensions
Proceeding contribution from
Gordon Brown
(Labour)
in the House of Commons on Monday, 27 November 2006.
It occurred during Queen's speech debate on Treasury and Work and Pensions.
Type
Proceeding contribution
Reference
453 c841
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2023-12-15 11:11:34 +0000
URI
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