§ Mr. Brandon-Bravoasked the Secretary of State for the Environment if he proposes to make any changes to the Severn-Trent water authority's external financing limit for 1985–86.
§ Mr. GowThe Severn-Trent regional water authority's external financing limit for 1985–86 has been increased from £22 million to £55.2 million. This covers the cost of refinancing £202.5 million of the authority's outstanding National Loans Fund debt. The authority will benefit from future lower interest payments and external financing requirements as a result of the refinancing. The increase has been charged to the reserve and does not add to the public expenditure planning total.