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1123968

	registered interest
	date	30/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Works Loan Board
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the value of the loans from the Public Loans Work Board that were annuitised over their lifetime; and what proportion of those loans were repayable only on maturity.
	tabling member constituency	Croydon South
	tabling member printed	Chris Philp
	uin	249340
	answer	answer is ministerial correction date of answer 09/05/2019 answer text <p>A breakdown of Public Works Loan Board (PWLB) loans by repayment type is published annually in the PWLB Report and Accounts which is available on the UK Debt Management Office’s website at: www.dmo.gov.uk/publications/?offset=0&amp;itemsPerPage=20&amp;parentFilter=1438&amp;childFilter=1438|1466&amp;startMonth=1&amp;startYear=1998.</p><p> </p><p>As at end March 2019 the breakdown of all outstanding PWLB loans by repayment type was as follows: £3.6bn (4.7%) were Annuity loans; £3.3bn (4.3%) were advanced as Equal Instalments of Principal loans; and £70.6bn (91%) were Maturity repayment loans.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 09/05/2019 11:17:58 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4503 label Biography information for Chris Philp

1082555

	registered interest
	date	06/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Works Loan Board
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 4 March 2019 to Question 225566 on Public Works Loan Board, what the purpose was of each loan since 2010; and if his Department will include that information as part of the monthly loans report.
	tabling member constituency	Croydon South
	tabling member printed	Chris Philp
	uin	229210
	answer	answer is ministerial correction date of answer 11/03/2019 answer text <p>Information about the purpose of Public Works Loan Board loans is not centrally held. The Public Works Loan Board operates as a non-discretionary lender, and it is not therefore part of its arrangements to require information on the reasons for, or circumstances surrounding, loan applications or borrowing activity.</p><p> </p><p>Responsibility for local authority spending and borrowing decisions lies with locally-elected council Members, who are democratically accountable to their electorates. Local authorities are required to have regard to the Prudential Code and statutory guidance when they borrow from the PWLB or from any other lender, these are published by The Chartered Institute of Public Finance and Accountancy and the Ministry of Housing, Communities and Local Government and form the Prudential Framework. The main objective of the Prudential Framework is to ensure that the capital investment plans of local authorities are affordable, prudent and sustainable.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 11/03/2019 16:51:36 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4503 label Biography information for Chris Philp

1123967

	registered interest
	date	30/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Works Loan Board
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many loans made by the Public Works Loan Board reached their maturity in the last 12 months; and what value of those loans was (a) repaid from local authority resources, (b) repaid using a new loan and (c) not repaid and have defaulted.
	tabling member constituency	Croydon South
	tabling member printed	Chris Philp
	uin	249339
	answer	answer is ministerial correction date of answer 09/05/2019 answer text <p>The Debt Management Office carry out the day to day lending functions of the Public Works Loan Board (PWLB). They publish information monthly on their website on loans which have been issued, and annual updates on outstanding loans, including the dates when loans are due to mature.</p><p> </p><p>631 loans totalling £1.7bn reached maturity in the 2018-19 financial year. All loans that were due for repayment in this period were repaid in full. The PWLB does not have any details of the source of the funds used by borrowers to repay the loans.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 09/05/2019 11:36:06 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4503 label Biography information for Chris Philp

1123965

	registered interest
	date	30/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Works Loan Board
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the number of loan applications declined by the Public Loans Work Board in each local authority in each of the last 12 months.
	tabling member constituency	Croydon South
	tabling member printed	Chris Philp
	uin	249337
	answer	answer is ministerial correction date of answer 09/05/2019 answer text <p>The Public Works Loan Board is a non-discretionary lender and does not refuse an application if satisfied that it conforms to the policy framework governing its lending arrangements. There have been no instances of refusal in the last 12 months.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 09/05/2019 12:24:21 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4503 label Biography information for Chris Philp

1077307

	registered interest
	date	25/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Works Loan Board
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many loans were made by the Public Works Loan Board to local authorities; on what dates the loans were made; and what the (a) value and (b) purpose was of each loan.
	tabling member constituency	Croydon South
	tabling member printed	Chris Philp
	uin	225566
	answer	answer is ministerial correction date of answer 04/03/2019 answer text <p>The UK Debt Management Office publishes on its website information on loans advanced by Public Works Loan Board on a monthly basis. This information is publicly available for all loans since 1 October 2010 and covers the amount advanced for each loan, the interest rate, the term and the repayment type of the loan. This information is available at <a href="https://www.dmo.gov.uk/responsibilities/local-authority-lending-pwlb/monthly-loans-report/" target="_blank">https://www.dmo.gov.uk/responsibilities/local-authority-lending-pwlb/monthly-loans-report/</a>.</p><p> </p><p>Under the prudential regime, decisions on borrowing are devolved to local authorities who are democratically accountable to their electorates. Information about the purpose of Public Works Loan Board loans is not centrally held.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 04/03/2019 12:22:49 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4503 label Biography information for Chris Philp

1123966

	registered interest
	date	30/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Works Loan Board
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the average maturity is of the loans made by the Public Works Loan Board in the last 12 months.
	tabling member constituency	Croydon South
	tabling member printed	Chris Philp
	uin	249338
	answer	answer is ministerial correction date of answer 09/05/2019 answer text The Debt Management Office carry out the day to day lending functions of the Public Works Loan Board (PWLB). They publish information monthly on their website on loans which have been issued, and annual updates on outstanding loans, including the dates when loans are due to mature.<p> </p><p>The weighted average period to maturity of PWLB fixed rate loans advanced in the 12 months between April 2018 and March 2019 was 34 years.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 09/05/2019 12:22:42 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4503 label Biography information for Chris Philp

1122821

	registered interest
	date	24/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Works Loan Board
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the repayment terms are for loans made to local authorities through the Public Works Loan Board.
	tabling member constituency	Croydon South
	tabling member printed	Chris Philp
	uin	247138
	answer	answer is ministerial correction date of answer 30/04/2019 answer text The repayment terms for loans provided by Public Works Loan Board (PWLB) depend on the type of loan taken out by the local authority. Two types of loan are available from the Board: fixed rate and variable rate loans. Full details of the repayment terms of PWLB loans are available in the PWLB’s lending arrangements circular: <a href="https://www.dmo.gov.uk/media/15841/circular-160.pdf" target="_blank">https://www.dmo.gov.uk/media/15841/circular-160.pdf</a>. answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 30/04/2019 14:19:10 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4503 label Biography information for Chris Philp