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star this property registered interest false more like this
star this property date less than 2019-04-02more like thismore than 2019-04-02
star this property answering body
Ministry of Housing, Communities and Local Government more like this
star this property answering dept id 7 more like this
unstar this property answering dept short name Housing, Communities and Local Government more like this
star this property answering dept sort name Housing, Communities and Local Government more like this
star this property hansard heading West Midlands Combined Authority: Borrowing more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Housing, Communities and Local Government, what the total borrowing capacity is of the West Midlands Combined Authority; and how much that combined authority has borrowed since its establishment. remove filter
star this property tabling member constituency Birmingham, Hodge Hill more like this
star this property tabling member printed
Liam Byrne more like this
star this property uin 239892 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-04-08more like thismore than 2019-04-08
unstar this property answer text <p>Each combined authority remains responsible for its own borrowing. The prudential borrowing regime provides that an authority can borrow lawfully only if it can demonstrate that servicing and repayments of the debt are affordable. Mayoral combined authorities have annual maximum debt caps in place, agreed with HM Treasury, which can be reviewed if the need arises, and for the West Midlands:</p><table><tbody><tr><td><p>2018-19</p></td><td><p>2019-20</p></td><td><p>2020-21</p></td></tr><tr><td><p>£546,744,807</p></td><td><p>£783,049,523</p></td><td><p>£1,041,974,844</p></td></tr></tbody></table><p> </p><p>Figures published by the Ministry for Housing, Communities and Local Government detail outstanding debt on a quarterly basis for each local authority and combined authority, available at:</p><p><a href="https://www.gov.uk/government/statistical-data-sets/live-tables-on-local-government-finance" target="_blank">https://www.gov.uk/government/statistical-data-sets/live-tables-on-local-government-finance</a></p><p> </p>
star this property answering member constituency Rossendale and Darwen more like this
star this property answering member printed Jake Berry remove filter
star this property question first answered
less than 2019-04-08T15:01:14.55Zmore like thismore than 2019-04-08T15:01:14.55Z
star this property answering member
4060
star this property label Biography information for Sir Jake Berry more like this
star this property tabling member
1171
unstar this property label Biography information for Liam Byrne more like this