The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

Chief Secretary (1987-1989)

Mr Major’s Written Parliamentary Answer on Interest Rates – 10 April 1989

Below is the text of Mr Major’s written Parliamentary Answer on Interest Rates on 10th April 1989.

Mr. Cox To ask the Chancellor of the Exchequer what have been the effects on British industry of increased interest rates over the last six months.

Mr. Major Inflation is the greatest threat to corporate prosperity. British industry will greatly benefit from the Government’s firm anti-inflationary policy.