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.

More from the Daily and Sunday Politics: Watch full programmes from the last seven days via BBC iPlayer; 'like' us on Facebook page or 'follow' us on Twitter

BBC News