FINANCE

Autumn Statement: Housing borrowing cap remains

Chancellor George Osborne announced an increase in the Housing Revenue Account borrowing limit in today’s Autumn Statement.

By MJ Correspondent | 05 December 2013

Chancellor George Osborne announced an increase in the Housing Revenue Account (HRA) borrowing limit in today's Autumn Statement.

Mr Osborne ignored a call from councils to remove the cap entirely and instead agreed to increase the limit by £300m.

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Popular articles by MJ Correspondent

  1. More councils accused of publicity code breach
  2. Majority of council staff 'to cross picket line'
  3. Councils urged to invest in capital reserves
  4. Authorities 'could lose grip' on pensions reform
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