§ Mr. Gouldasked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing borrowing by local authorities and public corporations, respectively, from the national loans fund and from the banks in each quarter since the first quarter of 1974.
§ Mr. Peter ReesFinancial Statistics table 4.4 gives quarterly data for local authorities' direct borrowing from central Government (column 2) and their borrowing from the monetary sector (column 6). Corresponding data for public corporations may be found in Financial Statistics table 5.4 (columns 3 and 7). The NLF components are also separately identified in table 3.16.
§ Mr. Gouldasked the Chancellor of the Exchequer to what extent the increase in borrowing by local authorities and public corporations from the national loans fund has been used to repay other borrowing or to increase their bank deposits rather than to increase expenditure.
§ Mr. Peter ReesIn the fifteen-month period since September 1982, local authorities have increased their318W outstanding national loans fund debt by £4,700 million, and reduced their debt to the monetary sector by £2,900 million whilst their bank deposits have only risen by £300 million. For nationalised industries and other public corporations, the equivalent figures are £1,626 million, £784 million (available to end September 1983 only) and £106 million. Bank deposits are generally for working capital purposes only.