Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
The reason for the rejection or partial rejection of an application is normally that the Board is not satisfied that the authority applying has made full use of its credit to borrow in the market. It is the practice for this to be explained to applicants.
Is the Chancellor aware that there are grave suspicions that the Board does nothing of the kind, that it does not look at each case objectively on its merits, and that on occasions the intervention of a Minister of the Crown can make the Board change its mind? Does not he think that is a most unsatisfactory state of affairs?