Lord Eatwell
Main Page: Lord Eatwell (Labour - Life peer)Department Debates - View all Lord Eatwell's debates with the HM Treasury
(11 years, 2 months ago)
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Lord Newby
My Lords, we need to pursue more than one course at the same time. The Green Investment Bank and the new business bank are one way forward; further innovation by the MPC is another. We need the full range of tools at our disposal to promote growth.
Lord Eatwell
My Lords, given that interest rates have been at record lows for three years and that liquidity is high, with no notable impact on the overall rate of growth, will the Minister tell us exactly what the mechanism is by which this greater monetary activism will stimulate growth?