HC Deb 15 March 1993 vol 221 c34W
Mr. Allen

To ask the Prime Minister what prerogative powers pertain to public borrowing.

The Prime Minister

[holding answer 9 March 1993]: Central Government borrowing to raise money for general purposes is undertaken under the National Loans Act of 1968 and not under the prerogative. Public borrowing to raise money for various specific functions is generally undertaken under statutory powers.