Make councils account for extreme investments

By Heather Jameson | 19 March 2020

Local government needs a new way to hold councils to account when they are making ‘extreme’ investments, finance expert Rob Whiteman has claimed.

Last week’s Budget saw new chancellor Rishi Sunak clamp down on commercial investments by changing the rules on the Public Works Loan Board to encourage borrowing for housing and infrastructure, but not commercial investments.

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