HC Deb 26 July 1955 vol 544 cc978-9
25. Mr. A. Roberts

asked the Minister of Housing and Local Government what reply he has sent to local authorities in answer to their protestations against his decision to increase the rates of interest to local authorities.

Mr. Sandys

I would refer the hon. Member to the answer given by the Chancellor of the Exchequer on 19th July.

Mr. Roberts

In view of the statement made by the Chancellor yesterday, does the Minister intend to increase or decrease the interest rates in the near future?

Mr. Sandys

That does not rest with me.