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Rates (London)

Volume 888: debated on Friday 14 March 1975

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asked the Secretary of State for the Environment whether the Greater London Council increase in rate of 80 per cent. is the largest in England and Wales so far reported to him.

Quota ralesNon-quota rates
InstalmentMaturityInstalmentMaturity
Up to 5 years1313⅝14⅜14⅝
Over 5 years and up to 1013¾16½15⅜16½
Over 10 years and up to 1515⅞17⅛16¼17¼
Over 15 years and up to 251717⅜1717⅝
Over 25 years17⅜17½17⅝17⅜
The quota rates reflect the level of interest on Government borrowing and the non-quota rates reflect the level of interest available to local authorities on the open market.