Skip to main content

Proceeding contribution from Nick Raynsford (Labour) in the House of Commons on Thursday, 16 July 2009. It occurred during Adjournment debate on Housing and the Credit Crunch.


Housing and the Credit Crunch

I accept that entirely. Interest rates are down, but the hon. Lady will recall that the CML's previous forecast was issued after interest rates reached the current level, so we are dealing with a static position. Its latest revision downwards is against a background of a similar interest rate position as that which it took into account when making its previous forecast.


Secondary information

Type
Proceeding contribution
Reference
496 c162WH 
Session
2008-09
Chamber / Committee
Westminster Hall
Subjects
Construction Council housing Credit Housing Economic situation Low incomes Mortgages Loans Private rented housing Standards Economic recession
Link
View this Proceeding contribution on www.publications.parliament.uk