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StatuteFinance Act 2014

Section 300 — Finance Act 2014: Increase in limit for local loans

Text of the provision Official document

Increase in limit for local loans 300 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.

Official source: legislation.gov.uk

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