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Local Government Finance: Essex

Question for Ministry of Housing, Communities and Local Government

UIN 151418, tabled on 8 June 2018

To ask the Secretary of State for Housing, Communities and Local Government, what estimate he has made of the maximum acceptable capital borrowing limits for (a) Colchester Borough and (b) Braintree District Council.

Answered on

18 June 2018

Local authorities can borrow, without prior Government consent subject only to assuring themselves that their borrowing is affordable. In assessing affordability of borrowing local authorities are required to have regard to the Prudential Code published by The Chartered Institute of Public Finance and Accountancy. Every local authority’s affordable borrowing limit is published as part of the Government's official statistics.