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PWLB borrowing drops dramatically after rate rise

The amount of borrowing from the Public Works Loan Board (PWLB) has fallen dramatically in the months since the Treasury announced an immediate 1% rate rise.

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By Dan Peters | 02 March 2020

The amount of borrowing from the Public Works Loan Board (PWLB) has fallen dramatically in the months since the Treasury announced an immediate 1% rate rise.

In September local authorities borrowed £1.6bn from the PWLB but in November – after the rise – the amount borrowed was only £80m.

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Dan Peters

Popular articles by Dan Peters

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  4. New anti-social behaviour powers planned for councils
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