---
title: "The Local Loans (Increase of Limit) Order 2024"
id: fb040b01-68b7-4a6c-a7e0-4751d8337376
authority: uk
place: "United Kingdom"
applies_also_from: []
kind: regulation
in_force: true
publisher_url: https://www.legislation.gov.uk/uksi/2024/1201
attribution: "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
solon_url: https://solon.orangecat.ch/law/fb040b01-68b7-4a6c-a7e0-4751d8337376
language: en
in_force_from: 2024-11-22
date_basis: publisher
status: consolidated
source_url: https://www.legislation.gov.uk/uksi/2024/1201/data.xml
read_on: 2026-11-10
sha256: dd04a6d54e8cbc9932733bd1341dc6204471c47b63bff6c840e4a475f4411406
provisions: 3
---

# The Local Loans (Increase of Limit) Order 2024

## Title and introductory text {#prelims}

2024 No. 1201
Local Loans
The Local Loans (Increase of Limit) Order 2024
Made
21st November 2024
Coming into force
22nd November 2024
The Treasury make this Order in exercise of the powers conferred by section 4(1) of the National Loans Act 1968 (“the Act”).
In accordance with section 4(2) of the Act, a draft of this Order has been laid before and approved by resolution of the House of Commons.

## 1 Citation, commencement and extent {#article-1}

(1) This Order may be cited as the Local Loans (Increase of Limit) Order 2024 and comes into force on the day after the day on which it is made.
(2) This Order extends to England and Wales, Scotland and Northern Ireland.

## 2 Limit for local loans {#article-2}

The sum of £135 billion is specified for the purposes of section 4(1) of the National Loans Act 1968 (limit for local loans).