INTEREST RATE LEVELS

Early day motion 2405, tabled 3 November 2008 by Jim Sheridan (Labour). Signed by 46 members.

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.

Signatures by party: Labour 35, Liberal Democrat 6, Social Democratic and Labour Party 3, Independent 1, Scottish National Party 1.