Lamont cuts interest rates

Title

Lamont cuts interest rates

Genre

Interview

TX Date

26 Jan 1993

Year of production

1993

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Duration

00:05:29

Description

Angela Rippon interviews Economic Secretary to the Treasury Anthony Nelson, who is in the Westminster studio, following the one percent cut in interest rates. He justifies the reduction to assist economic recovery, but says rates may have to rise again if inflation exceeds set targets. Also on his hope the cut will revive job prospects, and on concerns banks are not passing on the reductions to small businesses.

Contributors

Anthony Nelson; Angela Rippon

Keywords

Inflation; Business; Unemployment; Small business; Economic systems; Interest rates; Economic recovery; Banks

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