HC Deb 24 July 1968 vol 769 cc130-1W
107. Mr. Doig

asked the Secretary of State for Scotland what action he intends to take to assist local authorities with the high rate of interest they are presently having to pay on money borrowed for approved projects.

Mr. Ross

The cost to local authorities of new borrowing is automatically reflected in the level of the rate support grants and the specific grants for housing and other services.