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Month: December 2018

The limits of “borrowing to build”

3 Dec 2018 / martinwicks / Leave a comment

Funding for building new council housing has always included borrowing, usually from the government's Public Works Loans Board, at interest rates which are lower than commercial rates. The news that the government is ending the borrowing cap, i.e. the amount of borrowing which each council which owns housing stock is allowed, has been widely welcomed … Continue reading The limits of “borrowing to build”

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