HC Deb 22 October 1981 vol 10 c169W

Mr. Skeet asked the Chancellor of the Exchequer what progress has been made on a more flexible determination of the terms on which nationalised industries can borrow from the National Loans Fund.

Mr. Bruce-Gardyne:

Following discussions with the nationalised industries terms have been agreed that will enable them to borrow from the National Loans Fund at variable interest rates. Details of the arrangements will be placed in the Library.