Has my hon. Friend noticed that during the period in which the Bank of England has been buying a quarter of the total Government debt in issue to try to keep the price up, the price has been falling so the long-term rate of interest has been rising? That has happened even though the Bank is buying a quarter of the issue, so what is going to happen when it stops buying?
Fiscal Responsibility Bill
Proceeding contribution from
John Redwood
(Conservative)
in the House of Commons on Tuesday, 5 January 2010.
It occurred during Debate on bills on Fiscal Responsibility Bill.
Type
Proceeding contribution
Reference
503 c75-6
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-11 10:02:40 +0000
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