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Kent Council Borrowing Exposed: £277.6m PWLB Loans Since May 2023, Interest Rates, Maturity Dates and the 2028 Reorganisation Risk
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Kent Council Borrowing Exposed: £277.6m PWLB Loans Since May 2023, Interest Rates, Maturity Dates and the 2028 Reorganisation Risk
Since the local elections in May 2023, Kent’s district councils have taken out £277.605 million of new borrowing from the Public Works Loan Board (PWLB) — but the money has not been borrowed evenly across the county. Six councils took out no PWLB loans at all, while one authority signed up to debt running for decades, with repayments scheduled as far ahead as the 2060s. What follows sets out, in plain English, who borrowed, what type of PWLB loa…
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