Lamont cuts interest rates
- Title
- Lamont cuts interest rates
- Genre
- Interview
- TX Date
- 26 Jan 1993
- Year of production
- 1993
- Play audio
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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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