Tightening the purse strings: Local authorities and the Public Works Loan Board

By David Blackman2019-10-30T06:00:00

The single percentage point hike in the Public Works Loan Board’s lending rate may still sound like a good deal but is causing headaches

This time last month, council housing bosses could have been forgiven for thinking that they had discovered the magic money tree.

As local authorities, they have access to the Public Works Loan Board (PWLB), which enables councils to access the submarket interest rates available to the government.

Even within the low interest rate environment, which has prevailed in the wake of the financial crisis, these rates remain highly attractive.

This is premium content. Please subscribe for access.

Only logged in subscribers have access to it. Already a subscriber? Login here

Subscribe to Housing Today

Subscribe now

Become a member of Housing Today and gain access to …

NEWS – Follow the sector’s specialist Housing News service
LEARN - Gain access to Housing Today’s Specialist CPD modules
INSIGHT - Analysis of the UK’s growing Housing market
WIN WORK - Special reports and actionable sector intelligence
DATA - Benchmark your business with specialist data and league tables
UNDERSTAND - Read leading edge thought leadership from C-suite sector leaders and experts
ACCESS - extensive Housing Today archive
DISCOUNTS – Special Rates at Housing Today Events
EXPERIENCE - Expertise journalist knowledge

Subscribe now for unlimited access.

Get access to premium content - subscribe today

Register to receive daily newsletters