Proceeding contribution from Gordon Brown (Labour) in the House of Commons on Monday, 27 November 2006. It occurred during Queen's speech debate on Treasury and Work and Pensions.
Treasury and Work and Pensions
The interest rate is 5 per cent. The hon. Gentleman might wish to stand up and tell us what were the interest rates under the last Conservative Government. If I remember rightly, the interest rate averaged 10 per cent. and it was 15 per cent. for more than one year. The average mortgage rates were 11 per cent.
Secondary information
- Type
- Proceeding contribution
- Reference
- 453 c841
- Session
- 2006-07
- Chamber / Committee
- House of Commons chamber
- Subjects
- Children Climate change Economic situation Poverty Pensions Public sector Public expenditure Statistics Welfare tax credits Taxation Skilled workers Unemployment Productivity World economy
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 11:11:34 +0000
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