Housing

I recall turbulence in the housing market, especially on a morning in 1992, when, as a solicitor, I was representing a client who called on me at 9.30 am to tell me that interest rates had risen to 10 per cent. By 12.30 pm, they had increased to 15 per cent. That is the sort of turbulence that we experienced under a Conservative Government. Is it not rich of the hon. Gentleman to lecture a Labour Government, under whom interest rates are a third of what they were under the Conservatives?