In a bid to cope with changes to the Housing Revenue Account (HRA) system, numerous local authorities hope to borrow money with the help of bonds, according to Public Finance magazine. Although public borrowing interest rates are due to be cut, it is thought that some local authorities will still look to enter the bond market for the first time in around 20 years. To buy themselves out of the current HRA system and control the rents they gain from council house stocks, 135 councils will need to make one-off payments to the Coalition Government. Read more on the Public Finance website.
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