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Proceeding contribution from Lord Young of Cookham (Conservative) in the House of Commons on Thursday, 15 March 2012. It occurred during Business statement on Business of the House.


Business of the House

I entirely agree with my hon. Friend, who might like to catch your eye, Mr Speaker, during the Budget debate. It is important that we maintain our triple A status. A 1% increase in interest rates would cost the average family with the average mortgage £1,000 more a year, which is the last thing they want at the moment, and it reminds us of the importance of sticking to the deficit reduction strategy.


Secondary information

Type
Proceeding contribution
Reference
542 c394 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Economic situation
Link
View this Proceeding contribution on www.publications.parliament.uk