§ Mr. FraserTo ask the Secretary of State for the Environment what information he has on the current level of bank borrowing by Lambeth council which is for the purpose of financing current expenditure.
§ Mr. Key[holding answer 11 March 1991]: The Department has no information on bank borrowing by Lambeth for the purpose of financing current expenditure. However, according to the latest return provided by Lambeth to the Department, the authority had no outstanding temporary borrowing from the banking sector as at 31 December 1990. Temporary borrowing is the only form of borrowing by which current expenditure may be financed.