Motion · S5M-19810 · 11 Nov 2019
Public Works Loan Board Rate
The motion
That the Parliament condemns the recent UK Treasury announcement of an increase in the rate of borrowing from the Public Works Loan Board (PWLB) by one percentage point; understands that the PWLB lends money to local authorities for community infrastructure projects; is concerned by the implications of this percentage-point hike in interest rates on Scottish councils’ abilities, including Clackmannanshire Council, to carry out crucial infrastructure developments, such as affordable housing, schools, leisure and regeneration projects; agrees with a number of local authorities that this increase is paramount to the UK Government “profiteering at the expense of council tax payers”; recognises the detrimental impact that this move will have on infrastructure projects in Clackmannanshire and Dunblane and other local authority areas across Scotland, and acknowledges calls on the UK Government to reconsider its decision.
Supporters (14)
- Annabelle Ewing 13 Nov 2019
- Kenneth Gibson No Party Affiliation 13 Nov 2019
- Emma Harper 13 Nov 2019
- Bill Kidd 13 Nov 2019
- Richard Lyle 13 Nov 2019
- Fulton MacGregor Scottish National Party 13 Nov 2019
- Gil Paterson 13 Nov 2019
- Stewart Stevenson 13 Nov 2019
- David Torrance Scottish National Party 13 Nov 2019
- Sandra White 13 Nov 2019
- Joan McAlpine 14 Nov 2019
- Gillian Martin Scottish National Party 15 Nov 2019
- Alex Rowley 25 Nov 2019
- John Finnie 14 Jan 2020
Source: the Scottish Parliament motions and amendments record.