Public Works Loans (Interest)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 20th January 1948.

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Photo of Mr Philip Piratin Mr Philip Piratin , Stepney Mile End 12:00 am, 20th January 1948

Will the Chancellor of the Exchequer explain what new circumstances have arisen during the last few months, since the ex-Chancellor of the Exchequer introduced the very welcome reduction in interest charges, to make it necessary to inflict this further burden on local authorities?