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Bank Services: Local Government

Volume 481: debated on Monday 27 October 2008

To ask the Chancellor of the Exchequer what plans he has to introduce a centralised system of credit approval for all loans made by English local authorities; and if he will make a statement. (228635)

I have been asked to reply.

We have no plans to introduce any such system. It is for local authorities to assess the creditworthiness of any person to whom they may be making a loan.