§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer if he will bring up to date his answer dated 15 March 1983,Official Report, column 96, concerning bank advances to industry. [25617]
§ Mr. NelsonThe company accounts analysis, which was the basis of the previous reply, is no longer conducted. Alternatively, information from the national accounts is given in the table; data for earlier years are not available on a consistent basis and there is no separate information for manufacturing companies. The source series are published in table 10.6c of "Financial Statistics".
Industrial and commercial companies' borrowing £ million Borrowing from UK banks1 Net borrowing requirement (NBR)2 Borrowing from UK bank as per cent. Of NBR 1984 7,082 3,044 233 1985 7,454 10,620 70 1986 9,084 12,538 72 1987 12,224 27,033 45 1988 32,032 49,743 64 1989 33,816 54,683 62 1990 19756 37,275 53 1991 -822 25,851 -3 1992 -1,794 27,187 -7 1993 -11,371 15,285 -74 1994 -5,289 8,348 -63 1 Comprises bank lending and the Bank of England's issue department's transactions in bills. A positive sign means an increase in net borrowing; a negative sign means net repayment of borrowing. 2 In addition to borrowing from UK banks, includes capital issues of shares and bonds, borrowing from overseas, and transactions in liquid and other financial assets.