Public Works Loan Board

(asked on 15th October 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the recent increase to the Public Works Loan Board interest rate will apply to existing loans payable by local authorities.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 21st October 2019

The increase to the interest rate for Public Works Loan Board borrowing applies to new loans only. Loans taken out prior to the change are not affected.

Reticulating Splines