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Local Government: Bank Services

Volume 508: debated on Tuesday 23 March 2010

To ask the Secretary of State for Communities and Local Government which local authorities have had requests to capitalise Icelandic banking losses refused; and what the grounds for refusal were in each case. (323156)

The list of authorities who applied for capitalisation in 2009-10 on the grounds of exceptional financial difficulties and whose applications were refused is available on the Department's public website at:

http://www.communities.gov.uk/documents/localgovernment/xls/1451009.xls

It is for each authority to determine whether they wish to indicate the precise circumstances which led them to make an application under the exceptional financial difficulties category.

In each case, the application was refused because it did not meet the criteria for exceptional financial difficulties contained within the guidance to authorities. This is available on the Department's public website at:

http://www.communities.gov.uk/documents/localgovernment/pdf/1197739.pdf