HC Deb 19 January 1965 vol 705 c10W
54. Mr. Box

asked the Chancellor of the Exchequer what plans he has for relieving council house tenants from the increase in their rents resulting from the 7 per cent. Bank Rate.

Mr. Callaghan

As rent levels reflect borrowings by a local authority over a long period I do not see why a short term increase in Bank Rate to 7 per cent. need lead to increased rents.

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