{"metric":"council_borrowing_total","title":"Outstanding council borrowing","topic":"local-government","unit":"£ million","measure_type":"stock","geography":"K02000001","comparison_method":"year_on_year","source":{"publisher":"MHCLG","publication":"Local authorities borrowing and investments: UK live table (MHCLG)","landing_url":"https://www.gov.uk/government/statistical-data-sets/live-tables-on-local-government-finance"},"definition":"The gross borrowing a local authority owed at the end of the quarter — short and longer-term loans from the Public Works Loan Board, banks, other local authorities, central government and other lenders, plus bonds and stock issues — summed from the component columns of MHCLG's quarterly borrowing and investments live table. The table publishes no total, so this figure is Civometry's sum of the published components.\n","does_not_measure":"Net indebtedness or financial health: borrowing is not offset against the authority's investments or the assets it bought, and much of it funds housing, regeneration and infrastructure with income attached. The UK figure covers every local government body — county councils, police, fire, combined authorities, national parks and the GLA group — so the council rows shown here do not sum to it.\n","links":{"page":"/local-government/council-borrowing","series":"/api/metrics/council_borrowing_total/series","vintages":"/api/metrics/council_borrowing_total/vintages"}}