The Mudcat Café TM
Thread #166279 Message #3996912
Posted By: Backwoodsman
18-Jun-19 - 10:21 AM
Thread Name: BS: Conservative Leadership Contest
Subject: RE: BS: Conservative LeadershipContest
Try again.....
”17% was considerably lower than the, I think it was, 21% it had been earlier. During Maggie's tenure the economy gradually improved. By 1993 the base interest rate was down to single figures.”
Nope. 17% was the highest base-rate during the 20th century, through to 2003.
But hey, let’s not let facts get in the way of your Tory-bullshit brainwashing, eh?
https://www.economicshelp.org/blog/1485/interest-rates/historical-real-interest-rate/