Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 29 November 1973.
Mr Patrick Jenkin
, Wanstead and Woodford
12:00,
29 November 1973
My right hon. Friend feels that the present arrangements, whereby the GLC borrows and then passes on some of the proceeds to the boroughs, is working fairly well. It is primarily a matter of negotiation between the boroughs and the GLC.
