Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will increase the discounted Public Works Loan Board rate to local councils for investment in social housing.

The Public Works Loan Board (PWLB) lending facility exists to provide cost effective loans to local authorities to support investment and service delivery. HM Treasury keeps all PWLB rates under review, including the discounted rate for investment in social housing. The current discounted rate for Housing Revenue Account lending remains available until June 2025.