HC Deb 25 April 1990 vol 171 cc257-8W
Mr. Ralph Howell

To ask the Secretary of State for the Environment how much money was borrowed by local authorities, which was(a) sanctioned by Government and (b) not sanctioned by Government (i) overall and (ii) from abroad, in each year since 1979.

Mr. Chope

Total net external borrowing, that is net of repayments, and total net direct borrowing from abroad by local authorities in England was as follows:

Total net borrowing of which direct from abroad
(£ million) (£ million)
1979–80 2,228 n/a
1980–81 1,741 6
1981–82 −326 7
1982–83 42 15
1983–84 1,018 32
1984–85 2,246 8

Total net borrowing of which direct from abroad
(£ million) (£ million)
1985–86 2,042 71
1986–87 1,703 14
1987–88 2,152 45
1988–89 2,588 19

Local authorities may borrow without the approval of my right hon. Friend in anticipation of revenue and for the purpose of repaying existing loans. They may also borrow for any other purpose or class of purpose approved by my right hon. Friend. In practice, in the years mentioned in the question local authorities operated loans pools which were partly funded by external borrowing and partly from internal sources such as balances and unapplied capital receipts. Expenditure financed from loans pools under borrowing approvals given by my right hon. Friend was as follows:

Expenditure financed from loans pools
(£ million)
1979–80 2,992
1980–81 2,900
1981–82 2,527
1982–83 3,358
1983–84 3,538
1984–85 3,381
1985–86 3,008
1986–87 2,814
1987–88 2,953
1988–89 not yet available