British Library Board (Power to Borrow) Bill

Part of the debate – in the House of Commons at 12:10 pm on 13th March 2020.

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Photo of Kevin Hollinrake Kevin Hollinrake Conservative, Thirsk and Malton 12:10 pm, 13th March 2020

Will there be any restrictions on what the British Library can borrow the money for? Local authorities have borrowed lots of money from the Public Works Loan Board and bought some things that, I think it is fair to say, they do not necessarily understand, such as very expensive shopping centres that may not be part of the commercial retail space in the future. What borrowing restrictions will be put on the British Library?