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London Government (Capital Debt)

Volume 892: debated on Friday 23 May 1975

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asked the Secretary of State for the Environment what is the estimated total capital debt of the GLC and of the individual London boroughs; and what limits are imposed upon their borrowing powers during the current and the next financial year.

The latest published figures for the gross loan debts of the GLC and London boroughs are as at 31st March 1973. The figures are:

London BoroughTotal gross loan debt
£000
Barking59,516
Barnet64,945
Bexley52,679
Brent79,229
Bromley72,771
Camden117,518
Croydon85,898
Ealing69,883
Enfield85,592
Greenwich66,261
Hackney101,886
Hammersmith49,854
Haringey92,642
Harrow29,922
Havering52,671
Hillingdon73,693
Hounslow75,486
Islington104,649
Kensington and Chelsea43,095
Kingston upon Thames35,636
Lambeth93,563
Lewisham80,402
Merton42,563
Newham128,395
Redbridge48,218
Richmond upon Thames29,794
Southwark128,152
Sutton35,416
Tower Hamlets62,907
Waltham Forest78,664
Wandsworth99,382
Westminster97,273
City of London120,016
Greater London Council1,312,020
The GLC money Bill would authorise borrowing of £518·2 million by the GLC for 1975–76, together with an additional sum of £64·0 million which must be authorised by the Treasury. No authorised borrowing figures are available for individual London boroughs. These would depend on approvals for individual projects within the key sector.