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Loans: Interest Rates

Treasury written question – answered on 11th June 2009.

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Photo of Kate Hoey Kate Hoey Labour, Vauxhall

To ask the Chancellor of the Exchequer what assessment he has made of the merits of using his power under section 2(4)(b) of the Inner Urban Areas Act 1978 to alter the interest rates for loans obtained from local authorities under section 2 of that Act.

Photo of Ian Austin Ian Austin Minister of State (Regional Affairs) (West Midlands), The Parliamentary Under-Secretary of State for Communities and Local Government

I have been asked to reply.

No such assessment has been made.

Does this answer the above question?

Yes2 people think so

No0 people think not

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