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Borrowing

Volume 476: debated on Monday 2 June 2008

To ask the Chancellor of the Exchequer whether borrowing by housing associations is included in public sector borrowing figures; and if he will make a statement. (207288)

Classification of bodies is a matter for the independent Office for National Statistics, who are responsible for producing the national accounts to internationally agreed standards.

The ONS have classified housing associations to the private sector as non-financial corporations. As these are private sector bodies their transactions will not be recorded in the public sector finances.