Public Works Loan Board

HM Treasury written question – answered at on 4 May 2016.

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Photo of Ian Murray Ian Murray Shadow Secretary of State for Scotland

To ask Mr Chancellor of the Exchequer, what the total outstanding debt liabilities held with the Public Works Loans Board (PWLB) are for each local authority in England, Wales and Scotland; how much of the total of PWLB debt still requires servicing on the terms on which it was taken out between 1988 and 1998; how much was taken out between 1999 and 2003; how many separate liabilities from 1988 to 1998, inclusive, each local authority holds; how many separate liabilities from 1999 to 2003 each local authority holds; and what the average rate of interest paid on these liabilities is for each period.

Photo of Greg Hands Greg Hands The Chief Secretary to the Treasury

Information in relation to total outstanding PWLB debt owed is available from the Debt Management Office (DMO). The DMO website publishes details of loans advanced from 2010 onwards. The other information requested in respect of outstanding PWLB loans for each local authority from 1988 to 1998 and from 1999 and 2003 and average rates of interest are available on request from the DMO.

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