Interest Rates And Bank Of England

EDM number 2239 in 2007-08, proposed by Austin Mitchell on 14/10/2008.
Categorised under the topics of Economic situation and Financial institutions.

That this House welcomes the half per cent. reduction in interest rates on 8th October; points out that a concerted half per cent. reduction still leaves the UK's interest rate far higher than that in the US, where the reduction will take rates to 1.5 per cent. and higher than Eurozone and Japanese rates; and therefore urges the Bank of England not to drag its feet and keep rates too high for too long, and to reduce interest rates to nearer US levels to increase jobs, growth and investment and to avoid the danger of a long Japanese-style recession.

This motion has been signed by a total of 39 MPs.

MP	Date	Constituency	Party	Type
Austin Mitchell	14/10/2008	Great Grimsby	Labour	Proposed
Jim Cousins	14/10/2008	Newcastle upon Tyne Central	Labour	Seconded
Kelvin Hopkins	14/10/2008	Luton North	Labour	Seconded
Michael Meacher	14/10/2008	Oldham West & Royton	Labour	Seconded
Mark Durkan	14/10/2008	Foyle	Social Democratic and Labour Party	Seconded
Peter Bottomley	15/10/2008	Worthing West	Conservative	Seconded
Michael Weir	15/10/2008	Angus	Scottish National Party	Signed
Robert Wareing	15/10/2008	Liverpool, West Derby	Independent	Signed
Rudi Vis	15/10/2008	Finchley & Golders Green	Labour	Signed
Graham Stringer	15/10/2008	Manchester, Blackley	Labour	Signed
David Drew	15/10/2008	Stroud	Labour	Signed
William McCrea	15/10/2008	South Antrim	DUP	Signed
Lynne Jones	15/10/2008	Birmingham, Selly Oak	Labour	Signed
David Simpson	15/10/2008	Upper Bann	DUP	Signed
David Taylor	16/10/2008	North West Leicestershire	Labour	Signed
Michael Clapham	16/10/2008	Barnsley West & Penistone	Labour	Signed
Martin Caton	16/10/2008	Gower	Labour	Signed
Malcolm Moss	16/10/2008	North East Cambridgeshire	Conservative	Signed
Katy Clark	17/10/2008	Ayrshire North & Arran	Labour	Signed
Mike Hancock	20/10/2008	Portsmouth South	Liberal Democrat	Signed
Neil Gerrard	20/10/2008	Walthamstow	Labour	Signed
Alasdair McDonnell	20/10/2008	Belfast South	Social Democratic and Labour Party	Signed
Sandra Osborne	21/10/2008	Ayr, Carrick & Cumnock	Labour	Signed
Colin Burgon	21/10/2008	Elmet	Labour	Signed
David Clelland	21/10/2008	Tyne Bridge	Labour	Signed
Jeremy Corbyn	21/10/2008	Islington North	Labour	Signed
Janet Anderson	21/10/2008	Rossendale & Darwen	Labour	Signed
Angus MacNeil	21/10/2008	Na h-Eileanan an Iar	Scottish National Party	Signed
Alan Simpson	22/10/2008	Nottingham South	Labour	Signed
Janet Dean	22/10/2008	Burton	Labour	Signed
Brian Jenkins	23/10/2008	Tamworth	Labour	Signed
Roger Godsiff	27/10/2008	Birmingham, Sparkbrook & Small Heath	Labour	Signed
Ann Cryer	29/10/2008	Keighley	Labour	Signed
Jo Swinson	29/10/2008	East Dunbartonshire	Liberal Democrat	Signed
Nick Harvey	30/10/2008	North Devon	Liberal Democrat	Signed
Bill Etherington	30/10/2008	Sunderland North	Labour	Signed
Vincent Cable	03/11/2008	Twickenham	Liberal Democrat	Signed
Edward Davey	06/11/2008	Kingston & Surbiton	Liberal Democrat	Signed
John McDonnell	25/11/2008	Hayes & Harlington	Labour	Signed

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