The facts are right, but that has happened precisely because of the intervention that has been made by the Monetary Policy Committee of the Bank of England in lowering interest rates very rapidly to unprecedented low levels and in keeping them there. I look forward to hearing what the Chairman of the Select Committee has to say on that in due course.
Pre-Budget Report
Proceeding contribution from
Lord Hammond of Runnymede
(Conservative)
in the House of Commons on Thursday, 7 January 2010.
It occurred during Debate on Pre-Budget Report.
Type
Proceeding contribution
Reference
503 c320
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-08 16:38:13 +0000
URI
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