Local Authority Borrowing (Hansard, 20 December 1990)

HC Deb 20 December 1990 vol 183 c300W 300W

§ Mr. Allen
To ask the Chancellor of the Exchequer if he will take steps to remove local authority borrowing from the public sector borrowing requirement.

§ Mr. Mellor
No.

§ Mr. Allen
To ask the Chancellor of the Exchequer what is Her Majesty's Government's policy on allowing local authorities to borrow money in the open market.

§ Mr. Maples
Local authorities' powers to borrow money are set out in Part IV of the Local Government and Housing Act 1989. Within those constraints, there is no limit on the proportion authorities may borrow on the market.