Stewart Hosie
Main Page: Stewart Hosie (Scottish National Party - Dundee East)Department Debates - View all Stewart Hosie's debates with the Leader of the House
(14 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Stewart Hosie (Dundee East) (SNP)
May we have an urgent statement on the decision to increase the interest rate on loans from the Public Works Loan Board by 1%? This will cost public bodies such as local authorities an extra £1.3 billion over the next four years and has the potential to do a huge amount of damage to financial planning, capital investment and jobs. May we have a statement from a Treasury Minister on that specific matter?
Sir George Young
I understand the hon. Gentleman’s concern, but we must also consider the other side of the balance sheet—the revenue that comes in. We are shortly to debate the comprehensive spending review. I do not know whether he was planning to intervene, but I imagine that it would be appropriate to raise that matter in the debate and to press the Minister for an answer.