§ Mr. BlunkettTo ask the Secretary of State for Education and Employment what estimate has been made of the total borrowing approvals if all schools were permitted to borrow against their assets. [40152]
§ Mr. Robin SquireNo such estimate had been made. Capital expenditure financed by borrowing in respect of local authority property, including LEA-maintained schools, is subject to the provisions of part IV of the Local Government and Housing Act 1989 and regulations made under that Act.