To ask Her Majesty's Government what assessment they have made of the interest rate rises announced by the Public Works Loan Board.
29 October 2019
In raising interest rates for new loans from the Public Works Loan Board, the Treasury assessed the potential impact on local government capital plans. Local authorities continue to benefit from very favourable interest rates on Public Works Loan Board loans. This increase returned Public Works Loan Board rates to levels that were available in 2018.The Government will continue to work with individual authorities on a case-by-case basis if they raise concerns over their financial position.