BUSINESS

Investment 'key to capital expenditure'

Commercial investment by councils to generate income is a key factor in the upward trend in capital expenditure in the last year, according to a new Department for Communities and Local Government report.

Commercial investment by councils to generate income is a key factor in the upward trend in capital expenditure in the last year, according to a new Department for Communities and Local Government report.

The department's figures for local authorities in England showed a £336m increase in capital expenditure to £23bn in 2016/17 compared to the previous year.

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