HC Deb 06 March 1978 vol 945 cc509-10W
Mr. Cartwright

asked the Secretary of State for the Environment what would be the estimated annual cost to the Exchequer of providing an additional subsidy to enable local authorities to charge interest on their home loans at 8.5 per cent. in line with the major building societies.

Mr. Armstrong

I refer my hon. Friend to the reply which I gave my hon. Friend the Member for Leeds, West (Mr. Dean) on 16th February.—[Vol. 944, c. 302]