Charlie Elphicke
Main Page: Charlie Elphicke (Independent - Dover)Department Debates - View all Charlie Elphicke's debates with the Leader of the House
(13 years, 7 months ago)
Commons ChamberIn the light of the shadow Chancellor’s assertions that we should have a splurge of new borrowing and spending, may we have a debate on interest rates? Low interest rates keep my constituents in their homes and help small business keep ticking over. It is important for the House to explore whether interest rates would be raised by the Opposition’s policies.
My hon. Friend raises an important issue. Our success in tackling the deficit means that the interest rate regime will be lower than it otherwise would be. If we listened to Opposition Members’ policies, there would be a real risk of interest rates increasing, and home ownership, investment—and, therefore, jobs—becoming more difficult. I would welcome such a debate.