FINANCE

Councils given month to bid for lower loans

Council finance chiefs have one month to submit bids for discounted borrowing from the Public Works Loan Board, the Treasury has confirmed.

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By Jonathan Werran | 08 August 2012

Council finance chiefs have one month to submit bids for discounted borrowing from the Public Works Loan Board (PWLB), the Treasury has confirmed.

Chancellor George Osborne first announced in March's Budget that authorities would be allowed to borrow from the PWLB at advantageous rates – 20 basis points (0.2%) lower than previously.

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Jonathan Werran

Popular articles by Jonathan Werran

  1. Getting to the heart of the matter
  2. Appetite for construction
  3. A good time for the sector to have friends in high places
  4. Regeneration must get on its bike
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