Leeds borrows £50bn PWLB cash
0Leeds City Council borrowed £50m from the Public Works Loan Board in July to replace short term borrowing with low longer term rates.
A statement from the council said: “As Leeds City Council is in an under borrowed position it has applied this borrowing to previous years’ capital programme expenditure incurred over a number of years.”
A growing number of councils have taken advantage of low PWLB borrowing rates in recent months to fix short term borrowing at lower rates.
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