Finance Act 2014 (c. 26)

PART 6 U.K. Other provisions

Local loans U.K.

300 Increase in limit for local loans U.K.

(1) In section 4(1) of the National Loans Act 1968 (local loans granted by the Public Works Loan Commissioners)—

(a) for “£55,000 million” substitute “ £85 billion ”, and

(b) for “£70,000 million” substitute “ £95 billion ”.

(2) The Local Loans (Increase of Limit) Order 2008 (S.I. 2008/3004) is revoked.

(3) This section comes into force on such day as the Treasury may by order made by statutory instrument appoint.

Commencement Information

I1 S. 300 in force at 1.12.2017 by S.I. 2017/1183, art. 2