Public Works Loan Board: Wales
(asked on 15th October 2019) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the effect that increasing the Public Works Loan Board interest rate to 2.8 per cent will have on the (a) number and (b) value of loan applications submitted by local authorities in Wales for capital projects.
This question was answered on 21st October 2019
The Treasury has increased the offered rate for new Public Works Loan Board loans by one percentage point. The cost of these loans varies with the cost of gilts.
The Treasury assessed the potential impact on local government capital plans. This increase returned Public Works Loan Board rates to levels that were available in 2018.