Clause 6 - Protection of lenders
Local Government Bill
10:00 am
Mr Nick Raynsford (Minister of State (Local and Regional Government), Office of the Deputy Prime Minister; Greenwich and Woolwich, Labour)
I am pleased to give the assurance that the hon. Gentleman seeks and to reassure him that I will not get into a lengthy ramble through the delights of Allerdale, Hammersmith and Fulham, interest rate swaps and all the other arcane issues of local government finance. As he identifies, the provision provides a safe harbour as per existing arrangements.
Question put and agreed to.
Clause 6 ordered to stand part of the Bill.