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Public Sector Borrowing Requirement

Volume 14: debated on Thursday 3 December 1981

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asked the Chancellor of the Exchequer why the borrowings up to the new limit of £1·5 billion guaranteed by the Treasury, of British Nuclear Fuels Limited, fall outside the public sector borrowing requirement.

[pursuant to his reply, 30 November 1981, c. 17]: When British Nuclear Fuels Limited was set up as a Companies Act company in 1971 it was classified to the private sector. Thus borrowing by the company from the market does not impinge on the public sector borrowing requirement.