( 35 The reduction of interest rates to two per cont.
The call for a 2% interest rate is fundamental to the whole approach’ of a Labour Government to economic policy, A Socialist Government will set out celiberately to satisfy the needs of the people — and many — believe tue.t adequate housing is the most important need... A neo-capitalist Government will merely try to make capitalism work better. Reduction of interest rates for housing as a first step to the reduction of all in’terest rates —- and thus, tho reduction of unearned incomes and © profits. It is said that at least 2 major unions are conssidering incarp— orating the 2% rate domand into resolutions for the Labour Party Confere= nee on the grounds that high intorest charges are a major cause of inflatior:, Trade unionists and L.P. members should follow London! lead by sendivig in a record numbor of resolutions for Conference on those lines.
The public ownership of all land in London."