First, we need lower interest rates and hon. Member after hon. Member has explained how the CBI and everyone else knows that high interest rates have fuelled inflation, harmed British industry and done enormous damage by creating the Third World Debt Crisis.

During Monday's debate on the Multilateral Investment Guarantee Agency Bill, my hon. Friend the Member for Inverness, Nairn and Lochaber (Sir R. Johnston), who I think is on the way to Lochaber tonight, referred to the immense scale of the Third World Debt Crisis and the fact that interest payments are now so high that they outweigh all cash flows into the developing world, leaving a net outflow of cash from developing to developed countries of about $26 billion a year.

In reply to a recent written question from my hon. Friend the Member for Oxford, East (Mr. Smith), the Economic Secretary to the Treasury made it clear that the Third World Debt Crisis is over for the United Kingdom banks, as the money they have on loan to developing countries is now only one third of what it was five years ago as a proportion of the banks' capital.

Mr. Denham: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the influence that the destruction of tropical rain forests in developing countries has had on the Government's policy towards the Third World Debt Crisis.

I could be wrong, but I thought that bankers had something to do with the Third World Debt Crisis because they pursued ill-informed and exceedingly ill-judged lending policies.