Norman Lamont admits UK recession

Title

Norman Lamont admits UK recession

Genre

News report; Speech; Parliamentary debate

TX Date

12 Dec 1990

Year of production

1990

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Duration

00:02:56

Description

Chancellor of the Exchequer, Norman Lamont admits the British economy is in recession and says a reduction in interest rates will not happen. His Labour shadow, John Smith, demands an immediate overhaul of policy and additional assistance for industry. Paul Rowley reports on the Commons debate.

Contributors

Norman Lamont; Paul Rowley; John Smith

Keywords

Politics; Government; Labour Party; Prices; Conservative Party; Unemployment; Economic systems; Interest rates; Economic recession

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