The first step in the investigation into Local Authority debt was to identify who where the top borrowers from private Banks. The Department of Communities and Local Government (DCLG) provides quarterly information about Local Authority borrowing on the gov.uk website as “Borrowing and Investment live tables”.
Below are the Local Authorities that are borrowing more than £50,000,000 from UK banks.
How much is your Local Authority borrowing from banks?
The map below shows Local Authority borrowing at both District Council level and at County/Unitary Authority level – just use the dropdown menu to switch between the two views. Click on any Local Authority to see how much they’re borrowing from UK banks versus their total long-term borrowing and expenditure.
The darker the local authority the greater the long term borrowing from banks (in the form of LOBO loans).