HC Deb 15 November 1956 vol 560 cc27-8W
Mr. Lewis

asked the Chancellor of the Exchequer if he will publish in HANSARD the dates upon which he increased the Bank Rate since October, 1951; and the amounts of such increase on each of these dates, together with similar details for increases made in the interest rates charged to local authorities on moneys borrowed from the Local Loans Fund.

Mr. Walker-Smith

There have been both reductions and increases in these rates since October, 1951.

TABLE I
CHANGES IN BANK RATE
Date on which rate came into effect
per cent
8th November, 1951
12th March, 1952 4
17th September, 1953
13th May, 1954 3
27th January, 1955
24th February, 1955
16th February, 1956
TABLE II
CHANGES IN RATES OF INTEREST ON LOANS ADVANCED TO LOCAL AUTHORITIES FROM THE LOCAL LOANS FUND
Date on which the rates came into effect Periods of repayment
5 years or less Over 5 years but not over 15 years Over 15 years
per cent. per cent. per cent.
10th November, 1951 2 3
9th February, 1952
20th October, 1953 2⅝ 4
4th June, 1954
1st March, 1955 3⅛ 4
9th July, 1955
13th August, 1955 4⅛
7th September, 1955 5 5
14th January, 1956 5⅜
24th March, 1956 5⅝
23rd June, 1956
20th October, 1956