Written question asked by James McMurdock (Independent (affiliation)) on Tuesday, 24 February 2026, in the House of Commons. It was due for an answer on Thursday, 26 February 2026. It was answered by Alison McGovern (Labour) on Tuesday, 3 March 2026 on behalf of the Ministry of Housing, Communities and Local Government.
Local Government Finance
- Question
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To ask the Secretary of State for Housing, Communities and Local Government, with reference to the oral contribution by the Minister of State for Local Government and Homelessness on 23 February 2026, whether the removal of the pay-day loan premium will apply to the reorganised councils who will inherit the debt of areas such as Thurrock.
- Answer
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The previous government made a sustained recovery for councils even harder by charging a premium on borrowing for councils needing Exceptional Financial Support. In December 2024, the government confirmed that the additional 1% premium on Public Works Loan Board (PWLB) borrowing would not apply to any council borrowing or refinancing going forward.
Secondary information
- Type
- Written question
- Reference
- 115662
- Session
- 2024-26
- Related items
- Grouped for answer
- Yes
- Subjects
- Debts Local government finance Repayments
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-03-03 17:12:17 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/115662
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/115662
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/115662