HC Deb 25 October 1962 vol 664 cc201-2W
Mr. Swingler

asked the Minister of Housing and Local Government and Minister for Welsh Affairs what amount and proportion of the total rate burden falling on the ratepayers of the country annually are for payment of interest charges.

Mr. Corfield

In 1960–61 local authorities in England and Wales paid £232 million in interest charges, representing 13 per cent. of their total expenditure. It is not possible to say What proportion of this was met from rates, but the latter provided 38 per cent. of all local authority income.