§ Mr. Kinnock
asked the Secretary of State for the Environment what estimate he has made of the financial effect of the recent fall in interest rates on local authority finances in the forthcoming financial year.
§ Mr. Guy Barnett
None. The fall in interest rates is only one of the factors that affect the amount of interest which local authorities have to pay. My right hon. Friend the Secretary of State for Wales is writing to my hon. Friend.