Questioned about comments from the Bank of England on interest rates, the PMS said that interest rates were a matter for the Bank of England. Asked about the Government’s broader economic plan, the PMS said the right approach was a tight fiscal policy supporting a supportive monetary policy. Mortgage holders and businesses were seeing the benefit from near record lows in borrowing levels. The private sector had created one million new jobs and the deficit was down by a quarter. The economy was healing.
Briefing took place at 15:45 | Search for related news
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