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Public Works Loan Board

Treasury written question – answered on 11th March 2009.

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Photo of Greg Hands Greg Hands Shadow Minister (Treasury)

To ask the Chancellor of the Exchequer what the average (a) fixed and (b) initial variable interest rate applied to advances to local authorities from the Public Works Loan Board was in each month between 2000 and 2008.

Photo of Angela Eagle Angela Eagle The Exchequer Secretary, Member, Labour Party National Executive Committee

The data are not collated on a monthly basis. The annual figures are:

Year ending 31 March (a) Fixed (percentage) (b) Variable (percentage)
2000 4.625 5.500
2001 4.875 5.563
2002 4.875 4.100
2003 4.434 3.797
2004 4.340 4.209
2005 4.694 4.916
2006 4.190 4.579
2007 4.288 5.507
2008 4.553 5.802

Does this answer the above question?

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