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Written question asked by James Cartlidge (Conservative) on Wednesday, 6 November 2024, in the House of Commons. It was due for an answer on Monday, 11 November 2024. It was answered by Darren Jones (Labour) on Monday, 18 November 2024 on behalf of the Treasury.


Public Works Loan Board: Interest Rates

Question

To ask the Chancellor of the Exchequer, whether she plans to review Public Works Loan Board rates offered to councils.

Answer

The PWLB lending facility exists to provide cost effective loans to local authorities to support investments and service delivery. HMT keeps all PWLB rates under review, including the discounted rate for investment in social housing which we extended in Autumn Budget to the end of 2025-26 to give LAs certainty with their capital plans for the year ahead.


Secondary information

Type
Written question
Reference
12956
Session
2024-26
Subjects
Interest rates Public Works Loan Board
Link
View this Written question on www.parliament.uk