MP Sir Peter Tapsell questions borrowing rates

LOUTH MP Sir Peter Tapsell asked why Britain is able to borrow at lower rates then many other countries in the world at last Wednesday, November 2’s Prime Minister’s Questions.

Prime Minister David Cameron responded by saying a proper plan for getting on top of national debt and deficit made it possible to achieve 2.5 per cent interest rates.

“As ever, it takes the Father of the House to bring wisdom to the table,” said Cameron.

He went on to say that a debt crisis cannot be solved by adding to the debt as he said was the plan of the Labour party, and that it was time for the Shadow Chancellor to ‘take a primer’.