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 – 8 June 1989

Below is the text of Mr Major’s written Parliamentary Answer on Interest Rates on 8th June 1989.

Mr. Cryer To ask the Chancellor of the Exchequer if he will make a statement on the impact of current level of interest rates on the development of manufacturing industry.

Mr. Major Manufacturing investment reached a record level in 1988 and the outlook is for continued strong growth.