HC Deb 15 November 1977 vol 939 c195W
Mr. George Cunningham

asked the Chancellor of the Exchequer what is the current rate of interest prescribed under Section 32 of the Land Compensation Act 1961; and what rates were applied over the last two years.

Mr. Joel Barnett

The current rate of interest of 10½ per cent. has been in operation since 10th November 1977. During the last two years the rate has undergone the following changes:

Interest Coming into operation
12½ per cent. … … 22. 4.75
13½ per cent. … … 22.11.75
12½ per cent. … … 17. 3.76
13½ per cent. … … 20. 8.76
14½ per cent. … … 8.11.76
15½ per cent. … … 26.11.76
14 per cent. … … 28. 3.77
13 per cent. … … 23. 5.77
12 per cent. … … 13. 6.77
10½ per cent. … … 10.11.77