HC Deb 26 July 1976 vol 916 c58W
Mr. Cartwright

asked the Secretary of State for the Environment if he will consider the feasibility of making Public Works Loans Board loans available to local authorities exclusively for lending to home buyers at such a rate of interest as would enable the councils to lend at the interest rate recommended by the Building Societies' Association.

Mr. Freeson

The proposal is one which must be considered in the context of the Housing Finance Review study of sources of finance for home loans. It is at present ruled out on statutory grounds.