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Local Government Finance

Volume 486: debated on Tuesday 13 January 2009

To ask the Chancellor of the Exchequer with reference to the answer of 11 November 2008, Official Report, column 1084W, on borrowing: local authorities, how many local authorities have had their initial applications rejected for not meeting the lending terms in the last three years. (245897)

No local authorities have had their loan applications rejected by the Public Works Loan Board for not meeting its lending terms in the last three years.

To ask the Chancellor of the Exchequer with reference to the answer of 11 November 2008, Official Report, column 1084W, on borrowing: local authorities, if he will publish the lending terms that local authorities must meet for applications to borrow to be approved. (245898)

The Public Works Loan Board's lending arrangements are displayed on its website,

www.pwlb.gov.uk.