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PWLB rates climb in early January as UK borrowing spikes

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Public Works Loan Board (PWLB) borrowing rates have had a turbulent start to 2025, climbing sharply over the first two to three weeks. So, what is the outlook for the year ahead?

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Last week, fixed interest rates on a 10-year loan from the PWLB reached 5.57%, up from 5.26% at the beginning of January and 4.98%

Could Andy Burnham’s pledge to launch the biggest council housebuilding programme since the post-war period see a revival in the municipal bond as a funding mechanism?

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