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TV doc to highlight council borrowing

Councils have been urged to stop borrowing from private banks by debt campaigners as a TV documentary airs.

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By Dan Peters | 06 July 2015

Councils have been urged to stop borrowing from private banks by debt campaigners as a TV documentary airs tonight.

As Channel 4 documentary strand Dispatches prepares to probe the issue, Debt Resistance UK (DRUK) called on local authorities to prioritise borrowing from the Public Works Loan Board (PWLB) and pressurise chancellor George Osborne to reduce its ‘excessively high interest rate'.

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Dan Peters

Popular articles by Dan Peters

  1. Unite members reject pay offer
  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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