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London boroughs’ borrowing significantly outpaces other councils

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London boroughs’ borrowing is set to rise by 34% over the next three years, according to the latest data collected from MyCouncil.

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Initial analysis by MyCouncil has tracked upper-tier councils’ projected capital financing requirement (CFR) against their core spending power (CSP) for 2024/25 to 2027/28. The

Councils should have “sustained access” to preferential borrowing rates to support the viability of the government’s attempts to spark a revival in social housebuilding.

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