Interest Rate Levels

EDM number 2405 in 2007-08, proposed by Jim Sheridan on 03/11/2008.
Categorised under the topics of Economic situation and Financial institutions.

That this House encourages the Monetary Policy Committee of the Bank of England to introduce a cut in interest rates to help with the economic depression; expresses concern that the benefits of previous cuts have not been passed on to consumers; and urges all banks and financial institutions to pass on all future benefits to help ordinary people cope with the current financial situation.

This motion has been signed by a total of 46 MPs.