HC Deb 11 March 1965 vol 708 c150W
85. Mr. Edward M. Taylor

asked the Chancellor of the Exchequer what is the result of Her Majesty's Government's consideration of the possibility of a two-tier interest rate system.

Mr. Callaghan

There is already a two-tier interest rate system for local authorities in that they can borrow some of the finance they need from the Public Works Loan Board at favourable rates.