Councils borrowed just £80m through the Public Works Loan Board (PWLB) during the first full month since the Treasury’s rate rise, a mere 4% of August’s total.

Room 151 writer Colin Marrs details how just two authorities – Transport for London (£70m) and City of Edinburgh (£8.4m) – made up 98% of the month’s borrowing, with the remainder being taken in amounts of below £500,000 by parish councils.

We think this is an interesting development in lorem ipsum dolor sit amet. Read the full story on Room 151: https://www.room151.co.uk/treasury/authorities-turn-away-from-pwlb-in-favour-of-borrowing-from-peers/