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Councils welcome PWLB rate extension

Councils have welcomed chancellor Jeremy Hunt’s decision to extend preferential Public Works Loan Board borrowing rates for Housing Revenue Account (HRA) expenditure.

By Mark Conrad, Dan Peters | 27 November 2023

Councils have welcomed chancellor Jeremy Hunt's decision to extend preferential Public Works Loan Board borrowing rates for Housing Revenue Account (HRA) expenditure.

The Government said HRA rates would be 0.4% above gilts rather than the standard 0.8% figure until June 2025 – an extension of a year.

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Dan Peters

Popular articles by Dan Peters

  1. Deal reached after mayor launched legal case against own council
  2. Councils could get powers to suspend members
  3. CCN backs reorganisation
  4. Pennycook: Compulsory purchase to be made 'faster and more efficient'
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