Written question asked by Shaun Davies (Labour) on Friday, 30 August 2024, in the House of Commons. It was due for an answer on Tuesday, 3 September 2024. It was answered by Darren Jones (Labour) on Monday, 9 September 2024 on behalf of the Treasury.
Public Works Loan Board
- Question
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To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of reducing the onward interest charge of the Public Works Loan Board to local councils on (a) housing growth, (b) economic growth, (c) job creation and (d) local government viability.
- Answer
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The PWLB lending facility exists to provide cost effective loans to local authorities to support investment and service delivery. HM Treasury keeps the interest rates of PWLB loans under review to ensure that PWLB lending remains supportive of prudent investment by local authorities, while meeting the requirement in the National Loans Act 1968 that HM Treasury does not lend at a loss. This includes keeping under review the discounted rate for investment in social housing through Housing Revenue Accounts that is currently available until June 2025.
Secondary information
- Type
- Written question
- Reference
- 3320
- Session
- 2024-26
- Subjects
- Borrowing Interest charges Local government Public Works Loan Board
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 17:34:12 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/3320
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/3320
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/3320