Debate on the Address

Debate between Iain Wright and Andrew Murrison

Wednesday 9th May 2012 Commons Chamber

[Dr Murrison]

Will the hon. Gentleman explain how high interest rates will stimulate growth?

[Mr Wright]

High interest rates do not stimulate growth, but, equally, low interest rates indicate that there is no economic stimulus whatever. We need a rounder, more holistic approach to economic policy that focuses not solely on reducing the deficit, but on making sure that we can stimulate the economy to embark on jobs and growth.