Capital borrowing falls by a fifth in two years, data reveals

By Chris Mahony | 02 August 2022

Councils’ prudential borrowing for capital expenditure has fallen 22% in two years, official data confirmed.

The latest local government finance statistical release from the Department for Levelling Up, Housing & Communities (DLUHC) revealed local authorities borrowed £9.3bn last year to fund capital projects – compared with £10.5bn the previous year and a record £12bn in 2019/20.

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