Local Authority Debt (Short-Term Loans)

HC Deb 05 February 1968 vol 758 c36W

Mr. Edward M. Taylor

asked the Chancellor of the Exchequer what percentage of local government borrowing comprised short-term loans redeemable within a period one year at the most recent date for which information is available.

Mr. Harold Lever

At the 30th September, 1967, borrowing for under one year comprised less than 15 per cent. of total local authority debt.