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Part of the debate – in the House of Commons at 3:32 pm on 22nd July 1986.

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Photo of Dennis Skinner Dennis Skinner Member, Labour Party National Executive Committee 3:32 pm, 22nd July 1986

It is brief.

Is it not a double standard to tell local authorities that they cannot be involved in rescheduling their debts when at the same time, or two or three years ago, the Government told the banks in Britain that they could reschedule debts to Argentina? They told them as well that if they managed to get a default upon the payment of these debts, they would be relieved of the requirement to pay taxation upon the debts. There is one law for the banks in Britain, which have been relieved of the requirement to pay taxation, and another for local authorities that provide public services to help the people in their areas, who are being hammered by the Government. There is one law for the bankers and another for local authorities.