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Month: October 2018

Borrowing cap to be lifted

21 Oct 2018 / martinwicks / Leave a comment

News that the borrowing cap imposed on local authority housing revenue accounts (HRAs) is to be lifted was widely welcomed on the grounds that this would enable councils to borrow to build new homes. The media generally ignores the little question of who pays for the borrowing. Since the HRA is 'ringfenced' it is council … Continue reading Borrowing cap to be lifted

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