Alexander boosts Housing Revenue Account reforms

The Treasury announces council's will be able to borrow at cheaper rates to cover HRA reforms.

By Mark Conrad | 19 September 2011

Councils will be able to borrow at cheaper rates to cover the cost of the government's Housing Revenue Account (HRA) reforms, Treasury chief secretary Danny Alexander has announced.

Speaking to the Liberal Democrat party conference in Birmingham yesterday, Mr Alexander revealed that local authorities leaving the HRA subsidy system  would be able to borrow up to £13bn at preferential rates from the Public Works Loan Board.

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Popular articles by Mark Conrad

  1. Solace presses for multi-year settlements
  2. Mayors call for a 'decade of devolution'
  3. Tewkesbury consultation extended
  4. Bev Craig to lead LGA Labour group
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