Deputy Prime Minister written question – answered at on 26 October 2004.
To ask the Deputy Prime Minister how much the combined local authority debt (a) is and (b) was in 1997; and what the average rate of interest paid on that debt is.
The information is as follows:
(a) At
(b) At
The average rate of interest paid on total outstanding debt is not held centrally, and could be provided only at disproportionate cost.
Source:
ODPM monthly and quarterly borrowing returns, Public Works Loan Board.
Long-term borrowing to finance capital expenditure was regulated through the issue of credit approvals up until
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