FINANCE

PWLB borrowing soars

Council borrowing from the Public Works Loan Board (PWLB) continued to soar in April, with authorities taking on an additional half a billion pounds of debt.

By Mark Conrad | 17 May 2017

Council borrowing from the Public Works Loan Board (PWLB) continued to soar in April, with authorities taking on an additional half a billion pounds of debt.

A diverse range of local authorities used the PWLB to access fresh loans totalling £526m – £193m more than the £333m borrowed in March.

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Popular articles by Mark Conrad

  1. Solace presses for multi-year settlements
  2. Mayors call for a 'decade of devolution'
  3. Tewkesbury consultation extended
  4. Bev Craig to lead LGA Labour group
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