WHITEHALL

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

  1. Unite members to be balloted over industrial action
  2. Ministers: Increase the pace of fixing unsafe buildings
  3. EXCLUSIVE: More than one in three have not published corporate or finance peer challenge in last five years
  4. New Homes Bonus expansion floated
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