§ Mr. Simsasked the Chancellor of the Exchequer what are the components of the public sector borrowing requirement; and what criteria he uses in determining what should qualify for inclusion within the public sector borrowing requirement.
§ Mr. Peter ReesThe components are net borrowing by central Government, local authorities and public corporations. The essential criterion is that the borrowing be by a public sector body. For further details, see articles in the August 1980 and February 1984 issues ofEconomic Trends.