To ask the Chancellor of the Exchequer, what the repayment terms are for loans made to local authorities through the Public Works Loan Board.
30 April 2019
The repayment terms for loans provided by Public Works Loan Board (PWLB) depend on the type of loan taken out by the local authority. Two types of loan are available from the Board: fixed rate and variable rate loans. Full details of the repayment terms of PWLB loans are available in the PWLB’s lending arrangements circular: https://www.dmo.gov.uk/media/15841/circular-160.pdf.