Clause 2 - Control of borrowing
Local Government Bill
10:30 am
Mr Edward Davey (Kingston and Surbiton, Liberal Democrat)
I may have not fully explained myself. When we debated the 1999 Act, the Government were unwilling to give such a borrowing power to the GLA and the Mayor. That was my point. Now, they are giving them the same power as they are giving to local authorities. It is a new power and one that I welcome.