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LOCAL AUTHORITY BORROWING REQUIREMENT DECEMBER 1996

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Provisional estimates of the public sector borrowing requirement (PSBR) show that: ...
Provisional estimates of the public sector borrowing requirement (PSBR) show that:

-- PSBR in December 1996 was£2.1 billion.

-- PSBR for the first nine months of 1996-7 was£16.1 billion compared with£23.0 billion in 1995-6.

-- November's PSBR and LABR have been revised upwards by£0.1 billion, the PSBR from£2.6 billion to£2.7 billion and the LABR from minus£0.4 billion (ie a net repayment) to a net repayment of£0.3 billion.
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