Written Question·Ministry of Housing, Communities and Local Government·UIN 115662

Local Government Finance

Tabled: 24 February 2026

Answered: 3 March 2026

Question

James McMurdock

Independent — South Basildon and East Thurrock

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

Alison McGovern

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...

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