Councils have asked the Treasury to offer discounts on
public borrowing rates for housing after interest levels were hiked last week.
The government told local authorities that it is increasing the cost of new
borrowing from the Public Works Loan Board (PWLB) by 1%, bringing the rate to
1.8% over gilts, which sit at around 1%. The move has led to concerns in local
authorities across the country that the increase could threaten planned housing
and regeneration schemes. Town halls across the country have been putting in
place huge borrowing programmes to build new homes after the government
abolished the Housing Revenue Account (HRA) debt cap in October last year. Read
more on Inside Housing.
The Guardian view on unhealthy Britain: from housing to junk food, there
are solutions | Editorial
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People are living with sickness or disability younger than a decade ago.
That should shock the country and prompt action
The two-year decline in healthy ...
4 hours ago
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