Proceeding contribution from Lord Monson (Crossbench) in the House of Lords on Tuesday, 7 November 2006. It occurred during Ministerial statement on Rural Payments Agency.
Rural Payments Agency
My Lords, first, can the Minister tell us why, according to a letter in yesterday’s Daily Telegraph, the interest paid by the agency on overdue payments is apparently completely withheld if the sum due is under £50? Secondly—here I declarean interest—why is the rate of interest payable only 6.75 per cent when the average rate of interest paid by farmers on their overdrafts is at least one full percentage point above that, and possibly more?
Secondary information
- Type
- Proceeding contribution
- Reference
- 686 c686
- Session
- 2005-06
- Chamber / Committee
- House of Lords chamber
- Subjects
- Agriculture Farmers Payments Subsidies Rural Payments Agency Common agricultural policy
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2024-04-21 21:24:31 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_358432
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