Public Expenditure

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 9th March 1965.

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Photo of Mr Cyril Osborne Mr Cyril Osborne , Louth Borough 12:00 am, 9th March 1965

Is not the Chancellor of the Exchequer aware that some local authorities are having to pay as much as 9 per cent. on temporary loans, which will put up their housing costs enormously? Will he promise the country that at least he will reduce the 7 per cent. Bank Rate within the next six months?