Proceeding contribution from Ken Purchase (Labour) in the House of Commons on Wednesday, 12 March 2008. It occurred during Budget debate on AMENDMENT OF THE LAW.
AMENDMENT OF THE LAW
I have a slightly different point from that of my hon. Friend the Member for Great Grimsby (Mr. Mitchell) on monetary policy and the use of interest rates to calm inflation. Is it not the case that the measures announced by the Chancellor on longer-term mortgages will assist monetary policy by taking some pressure off the Bank of England when it sets interest rates, while recognising that a different market will come about with the longer-term interest rates announced today?
Secondary information
- Type
- Proceeding contribution
- Reference
- 473 c323
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Budgets Borrowing Economic situation Public sector Taxation Tax yields Budget March 2008
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-16 01:03:49 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_454521
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