Public Works Loan Board

Mr. Hands

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. (258889)

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

*Years*
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

To ask the Chancellor of the Exchequer what the average (a) fixed and (b) initial variable interest rate applied to advances to local authorities from the Public Works Loan Board was in each month between 2000 and 2008. (258890)

The data are not collated on a monthly basis. The annual figures are:

Year ending 31 March	(a) Fixed (percentage)	(b) Variable (percentage)
2000	4.625	5.500
2001	4.875	5.563
2002	4.875	4.100
2003	4.434	3.797
2004	4.340	4.209
2005	4.694	4.916
2006	4.190	4.579
2007	4.288	5.507
2008	4.553	5.802

To ask the Chancellor of the Exchequer how much local authorities borrowed from the Public Works Loan Board at (a) a fixed and (b) a variable rate of interest in each month between 2000 and 2008. (258891)

Monthly data are available only at disproportionate cost. The annual figures are as follows:

*£ million*
Year ending 31 March	(a) Fixed	(b) Variable
2000	6,182.9	788.2
2001	5,005.8	319.4
2002	3,344.9	1,097.4
2003	3,642.8	1,456.4
2004	3,153.4	1,449.8
2005	5,604.9	217.1
2006	8,880.1	71.9
2007	12,277.1	77.2
2008	8,275.7	1.0

To ask the Chancellor of the Exchequer how much debt owed to the Public Works Loan Board was redeemed early by local authorities in each month between 2000 and 2008. (258892)

Monthly data are available only at disproportionate cost. The annual figures are as follows:

Year ending 31 March	Early repayments (£ million)
2000	2,950.0
2001	2,063.4
2002	2,123.6
2003	4,166.0
2004	4,596.9
2005	3,080.7
2006	2,501.4
2007	10,698.5
2008	6,433.6

Volume 489: debated on Wednesday 11 March 2009