Two-Tier Interest Rates

HC Deb 17 February 1970 vol 796 c57W

48. Mr. Hooley

asked the Chancellor of the Exchequer if he will now take steps to institute a general system of two-tier interest rates to relieve the burdens placed by a high bank rate on local authorities.

Mr. Diamond

No. But substantial relief is already provided to local authorities in other ways against the burden of high interest rates.