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Public Works Loan Board

Treasury written question – answered on 11th March 2009.

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Photo of Greg Hands Greg Hands Shadow Minister (Treasury)

To ask the Chancellor of the Exchequer what the weighted average for the (a) maturity and (b) duration of advances to local authorities from the Public Works Loans Board was in each month between 2000 and 2008.

Photo of Angela Eagle Angela Eagle The Exchequer Secretary, Member, Labour Party National Executive Committee

The data are not collated monthly. The annual figures are as follows:

Year ending 31 March (a) Average maturity (b) Modified duration
2000 n/a n/a
2001 21.040 10.710
2002 20.385 10.069
2003 19.647 10.334
2004 19.649 10.452
2005 20.438 10.871
2006 22.408 12.038
2007 27.532 13.113
2008 29.484 14.413

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