The Local Council Report / Capital & debt / Debt to core spend · markdown view

Debt to core spend

ratio (£/£) · constructed · council-year

This compares the council's total debt with the amount it spends running services in a year — like comparing a household's mortgage to its annual income. It matters because the same debt is far more dangerous for a small council than a big one. A high number means the council owes several times what it spends in a year, so debt costs weigh heavily; a low number means the debt is comfortably small relative to its size.

councils
313
median
1.17
q1
0.61
q3
2.29
min
-0.03
max
65.75

Distribution

018.4

Worst 10

CouncilClassValueIn its class
Wokingdistrict65.751st worst of 163
Runnymededistrict25.032nd worst of 163
Eastleighdistrict19.643rd worst of 163
Spelthornedistrict19.294th worst of 163
Brentwooddistrict11.875th worst of 163
Basildondistrict10.86th worst of 163
Harlowdistrict10.737th worst of 163
Uttlesforddistrict10.518th worst of 163
Stevenagedistrict10.419th worst of 163
Guildforddistrict10.1810th worst of 163

Best 10

CouncilClassValueIn its class
Chichesterdistrict-0.031st best of 163
North Hertfordshiredistrict-0.012nd best of 163
Erewashdistrict-03rd best of 163
Forest of Deandistrict08th best of 163
Tonbridge & Mallingdistrict08th best of 163
Malvern Hillsdistrict08th best of 163
Vale of White Horsedistrict08th best of 163
South Oxfordshiredistrict08th best of 163
Cotswolddistrict0.019th best of 163
Basingstoke & Deanedistrict0.0210th best of 163

Definition

namedebt_to_core_spend
dataset02-capital-outturn-debt
kindconstructed
typenumeric
unitratio (£/£)
graincouncil-year
rolefeature
sourcecfr_end / core_spend — PRU1_prucfrend_amt (this dataset) divided by RS_netcurrtot_net_exp from 01-revenue-outturn/data/Revenue_Outturn_time_series_data_v3.2.csv; join on ONS_code/year
period2018-19 to 2024-25
missingnessunknown
calculated../calculated/debt-to-core-spend.csv
calculated_rows2331
calculated_periods2018-19 to 2024-25
calculated_date2026-08-13
score_noteStrong Woking-style leverage flag; slight overlap with gross_borrowing_to_core_spend.
peer_groupdistricts (n=204), unitaries (n=65), metropolitan boroughs (n=36), London boroughs (n=33), counties (n=27) — scored within each class against its median/IQR

Debt burden per pound of core (net current service) spend — the Woking-style leverage flag. Values several times core spend signal commercial-investment exposure well beyond what services could plausibly sustain. Core spend is used as the normalizer because no verified per-resident population series exists in datasets 01–12; reorganisations (new unitaries) break comparability across years.