Loans: Interest Rates
(asked on 24th July 2019) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the economic effectiveness of the no-interest loan scheme pilot announced in Budget 2018.
This question was answered on 3rd September 2019
At Budget 2018, the Government announced that it will carry out a study into the feasibility of establishing a no-interest loans scheme in the UK, and design a pilot.
The Government has now launched the feasibility study, which is examining issues such as access, eligibility and funding models in order to determine how a pilot could work. The feasibility study is due to conclude shortly and the Government will be considering its recommendations.