Lord Hodgson of Astley Abbotts
Main Page: Lord Hodgson of Astley Abbotts (Conservative - Life peer)Department Debates - View all Lord Hodgson of Astley Abbotts's debates with the HM Treasury
Gilt Yields
Lord Hodgson of Astley Abbotts Excerpts(2 days ago)
Lords ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Lord Livermore (Lab)
As the noble Baroness knows, the Government do not comment on specific financial market movements, but it is very clear that we have created space for the Bank of England to cut interest rates five times since the election. That will absolutely help those people taking out a mortgage.
Lord Hodgson of Astley Abbotts (Con)
My Lords, in his reply to my noble friend Lady Neville-Rolfe, the Minister did not refer to the question of index-linked gilts. Will he confirm to the House that 30% of the gilts outstanding are index linked, and that therefore this country is inevitably now much more vulnerable to swings in interest rates?
Lord Livermore (Lab)
As I have said before, the Government do not comment on specific financial market movements.