Statistics on borrowing and investments by local authorities in the UK.
The latest local authority borrowing and investments statistics produced by the Department for Communities and Local Government were released on Thursday 1 December 2011.
Key points from the latest release are:
- total gross borrowing increased from £58.1 billion at the end of 2005 to 2006 to £70.6 billion at the end of 2010 to 2011, an increase of 21% over 5 years and 4% over the last year
- 99% of borrowing is longer term of which 76% was with the Public Works Loan Board
- total investments increased from £23.5 billion at the end of 2009 to 2010 to £25.1 billion at the end of 2010 to 2011, an increase of 7%
- 69% of all investments as at 31st March 2011 were in banks and building societies