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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.

MPDateConstituencyPartyType
Austin Mitchell14/10/2008Great GrimsbyLabourProposed
Jim Cousins14/10/2008Newcastle upon Tyne CentralLabourSeconded
Kelvin Hopkins14/10/2008Luton NorthLabourSeconded
Michael Meacher14/10/2008Oldham West and RoytonLabourSeconded
Mark Durkan14/10/2008FoyleSocial Democratic and Labour PartySeconded
Peter Bottomley15/10/2008Worthing WestConservativeSeconded
Graham Stringer15/10/2008Manchester, BlackleyLabourSigned
Michael Weir15/10/2008AngusScottish National PartySigned
Robert Wareing15/10/2008Liverpool, West DerbyIndependentSigned
Rudi Vis15/10/2008Finchley and Golders GreenLabourSigned
David Drew15/10/2008StroudLabourSigned
William McCrea15/10/2008South AntrimDUPSigned
Lynne Jones15/10/2008Birmingham, Selly OakLabourSigned
David Simpson15/10/2008Upper BannDUPSigned
Malcolm Moss16/10/2008North East CambridgeshireConservativeSigned
Martin Caton16/10/2008GowerLabourSigned
Michael Clapham16/10/2008Barnsley West and PenistoneLabourSigned
David Taylor16/10/2008North West LeicestershireLabourSigned
Katy Clark17/10/2008North Ayrshire and ArranLabourSigned
Alasdair McDonnell20/10/2008Belfast SouthSocial Democratic and Labour PartySigned
Mike Hancock20/10/2008Portsmouth SouthLiberal DemocratSigned
Neil Gerrard20/10/2008WalthamstowLabourSigned
Sandra Osborne21/10/2008Ayr, Carrick and CumnockLabourSigned
Colin Burgon21/10/2008ElmetLabourSigned
David Clelland21/10/2008Tyne BridgeLabourSigned
Jeremy Corbyn21/10/2008Islington NorthLabourSigned
Janet Anderson21/10/2008Rossendale and DarwenLabourSigned
Angus MacNeil21/10/2008Na h-Eileanan an IarScottish National PartySigned
Alan Simpson22/10/2008Nottingham SouthLabourSigned
Janet Dean22/10/2008BurtonLabourSigned
Brian Jenkins23/10/2008TamworthLabourSigned
Roger Godsiff27/10/2008Birmingham, Sparkbrook and Small HeathLabourSigned
Ann Cryer29/10/2008KeighleyLabourSigned
Jo Swinson29/10/2008East DunbartonshireLiberal DemocratSigned
Nick Harvey30/10/2008North DevonLiberal DemocratSigned
Bill Etherington30/10/2008Sunderland NorthLabourSigned
Vincent Cable03/11/2008TwickenhamLiberal DemocratSigned
Edward Davey06/11/2008Kingston and SurbitonLiberal DemocratSigned
John McDonnell25/11/2008Hayes and HarlingtonLabourSigned

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