UK interest rate rise: Andrew Lilico and Nigel Mills
The Bank of England's Monetary Policy Committee kept UK interest rates at 0.5% on Thursday, meaning they have not changed since March 2009.
Andrew Neil heard the arguments for and against raising them, with Andrew Lilico from the Institute of Economic Affairs backing a rise to "normalise them back to around 2%".
But Nigel Mills from the North East Entrepreneurs' Forum wants them unchanged, saying people were dependent on lower rates to afford their mortgages, and for businesses to repay loans.
09 Jan 2014
- From the section UK Politics