HC Deb 18 May 1956 vol 552 c213W
Mr. Hale

asked the Minister of Housing and Local Government whether he is aware that the increases of interest charges to local government borrowers introduced by the present Government mean an increase of £2,000 in the repayment of a loan for sixty years on a corporation house; and what steps he proposes to take to assist corporations with this burden.

Mr. Powell

As was explained in the debates on the Housing Subsidies Act, local authorities should be able to meet these additional charges by spreading them over all their houses for which they receive subsidy from the Exchequer.

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