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LOCAL AUTHORITY BORROWING REQUIRMENT DECEMBER 1997

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The local authorities borrowing requirement (LABR) is provisionally estimated to have been£0.4bn in December, comp...
The local authorities borrowing requirement (LABR) is provisionally estimated to have been£0.4bn in December, compared with£0.3bn in the same period last year. The LABR for the first nine months of 1997-8 was£0.2bn, as it was in the same period last year.

November's local authorities borrowing requirement (LABR) and PSBR have been revised by£0.1bn: the LABR from minus£0.5bn to minus£0.6bn and the PSBR from£2.3bn to£2.2bn.

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

- PSBR in December 1997 was£1.4bn

- PSBR for the first nine months of 1997-8 was£6.1bn compared with£16.3bn in 1996-7.
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