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Proceeding contribution from Albert Owen (Labour) in the House of Commons on Thursday, 25 February 2010. It occurred during Debate on Welsh Affairs.

Welsh Affairs

This September, my wife and I will be celebrating our 27th anniversary. In the 1980s, we bought our first house and interest rates were 13 per cent. Mortgage rates varied in the '80s and '90s between 13 and 17 per cent., and house repossessions were at a record high. Is not the big distinction that the inflation rate is 3.5 per cent. now, not 13.5 per cent.? That lower rate not only helps couples to stay in their homes, but helps small businesses and the economy to recover.

Secondary information

Type
Proceeding contribution
Reference
506 c471 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Children Broadcasting Banks Devolution Credit Broadband Incentives Internet Economic situation NHS Pensioners Poverty Minimum wage Public expenditure Public service Telecommunications Small businesses Wales Welsh language Taxation Unemployment Welsh Government Economic recession
Link
View this Proceeding contribution on www.publications.parliament.uk