Lamont cuts interest rates

Title

Lamont cuts interest rates

Genre

Press conference

TX Date

26 Jan 1993

Year of production

1993

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Duration

00:00:20

Description

Chancellor Norman Lamont speaks to press following his 1 percent cut in interest rates to 6 percent. Says British industry has now been given the conditions for economic recovery, and it is essential companies continue to control costs in order to curb inflation.

Contributors

Norman Lamont

Keywords

Industry; Inflation; Cost reduction; Economic systems; Interest rates

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