§ Lord Harris of High Crossasked Her Majesty's Government:
What were the total borrowings outstanding by local authorities from the Public Works Loan Board in each of the years: 1955, 1960, 1965, 1970, 1975, 1980 and estimated for 1981.
§ Lord CockfieldThe total borrowing outstanding by local authorities from the Public Works Loan Board at the end of the financial years shown below was as follows:
£m 1955–56 3,118 1960–61 3,078 1965–66 3,743 1970–71 6,290 1975–76 11,267 1980–81 15,259 1981–82 (estimated) 14,250 The Public Works Loan Board is only one source of local authority borrowing and the figures are not therefore indicative of movements in total indebtedness.