I recognise that the low interest rate is one of the reasons that the number of repossessions was so low. On the other hand, the Monetary Policy Committee's remit was to tackle inflation, and yet we are now seeing the challenges that an ongoing low interest rate present to people on fixed incomes, whom he seeks to defend because they are suffering as a result.
The Economy
Proceeding contribution from
Therese Coffey
(Conservative)
in the House of Commons on Wednesday, 22 June 2011.
It occurred during Opposition day on The Economy.
Type
Proceeding contribution
Reference
530 c361
Session
2010-12
Chamber / Committee
House of Commons chamber
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Timestamp
2023-12-15 16:47:50 +0000
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