"If we were involved in a war or a major capital building program, I would have no problem with borrowing," he said.

These are two steps in the right direction, but with total borrowings of about £300 million there is more to be done.

And even with added borrowing over the last decade, the town is well within its legal debt limit.

And although they were low, they would have been lower still with less borrowing.

The budget deficit continued to decline to below 2 % in line with public borrowing.

But what has this picture of misery and discomfort to do with borrowing?

So it will have to be filled with borrowing.

He also said China's economy was being flooded with unchecked borrowing by state concerns.

Section 11 is therefore a crime which deals with dishonest borrowing.

The company will finance the purchase initially with short-term borrowing.