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Rayner scraps ‘payday loan premium’ for EFS councils and will address ‘shocking’ local government financial crisis

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Deputy prime minister Angela Rayner has confirmed the 1% premium on PWLB borrowing rates for councils receiving Exceptional Financial Support will be scrapped as she

A new tier of “advanced” mayoral authorities should be granted full fiscal governance and enhanced borrowing powers as part of moves to bolster devolution across England, according to a new paper.

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