Official Statistics

Local authority borrowing and investments 2012 to 2013

Statistics on borrowing and investments by local authorities in the UK.

From:
Ministry of Housing, Communities & Local Government (2018 to 2021)
Published
18 September 2013

Documents

Ref: ISBN 9781409840183

PDF, 195 KB, 17 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

PDF, 13.4 KB, 1 page

This file may not be suitable for users of assistive technology.

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

The latest local authority borrowing and investments statistics produced by the Department for Communities and Local Government were released on Wednesday 18 September 2013.

Key points from the latest release are:

  • total gross borrowing of the local government sector in the UK rose by 2.9%, from 拢81.8 billion to 拢84.2 billion in the year to the end of 2012 to 2013; of this 拢2.4 billion national increase, 拢1.5 billion was due to increased borrowing by the Greater London Authority (GLA) and Transport for London (TfL)

  • total local authority borrowing has increased by 拢22.8 billion (37%), from 拢61.4 billion to 拢84.2 billion, since March 2007; however, excluding the one-off housing revenue account (HRA) settlement in March 2012 (拢8.1 billion) and the increased borrowing by the 2 big all-London authorities mentioned above (拢8.6 billion), borrowing by the rest of the local authority sector has increased by only 拢6.1 billion (10%) from 拢60.0 billion to 拢66.1 billion over these 6 years

  • total investments rose 13.8% from 拢26.1 billion to 拢29.7 billion in the year to the end of 2012 to 2013; of this 拢3.6 billion national increase, 拢1.9 billion was due to increased investments by the GLA and TfL

  • within investments, there was a 拢537 million decrease in resources invested in money market funds, of which 拢422 million was from TfL alone; similarly, 拢1.6 billion of the 拢2.3 billion increase in other securities was from TfL

Updates to this page

Published 18 September 2013

Sign up for emails or print this page

Related content