Local Authorities (Borrowings)

12.

Mr. Greville Janner
asked the Chancellor of the Exchequer how much local authorities are expected to borrow from the Public Works Loan Fund during the coming financial year.

Mr. Denzil Davies
The forecast in the Financial Statement and Budget Report of net issues from the National Loans Fund via the Public Works Loan Board  to local authorities in 1977–78 is £700 million.