Interest Rates

Part of Oral Answers to Questions — Treasury – in the House of Commons am 12:00 am ar 13 Mawrth 1997.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Barry Legg Mr Barry Legg , Milton Keynes South West 12:00, 13 Mawrth 1997

Will my right hon. and learned Friend explain what the impact on the public sector borrowing requirement would be if local authorities were allowed to spend all their capital receipts? What implications would that policy have for the overall level of interest rates?