Local Government Finance
Commons · Question 115662 · Tabled 24 Feb 2026 · Ministry of Housing, Communities and Local Government · Official record
Answered 3 Mar 2026
Question
Asked by James McMurdock
To ask the Secretary of State for Housing, Communities and Local Government, with reference to the oral contribution by the Minister of State for Local Government and Homelessness on 23 February 2026, whether the removal of the pay-day loan premium will a
Answer
Answered by Alison McGovern, 3 Mar 2026
The previous government made a sustained recovery for councils even harder by charging a premium on borrowing for councils needing Exceptional Financial Support. In December 2024, the government confirmed that the additional 1% premium on Public Works Loa...