WHITEHALL

Cable: Commercial forays utterly bizarre

The leader of the Lib Dems has said it is ‘utterly bizarre’ that councils are buying up commercial investments miles from their areas.

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By Dan Peters | 05 July 2018

The leader of the Lib Dems has said it is ‘utterly bizarre' that councils are buying up commercial investments miles from their areas.

Sir Vince Cable, a former Glasgow city councillor, described the use of the Public Works Loan Board for this purpose as an ‘abuse of borrowing'.

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Dan Peters

Popular articles by Dan Peters

  1. UKSPF allocations slashed by 40%
  2. Peers urge chief to intervene in planning service
  3. Budget: Minimum wage and National Insurance rises to hit councils
  4. Select committee member loses Labour whip as police investigate
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