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PWLB money stokes bonfire of the LOBOs

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London Borough of Croydon has repaid £100m of Lender Option Borrower Option (LOBO) loans using money from the Public Works Loan Board (PWLB). The

In the runup to the Autumn Budget, counties and rural areas want to see proper recognition of the financial pressures they face – and to take their place at the forefront of the devolution agenda.