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One in five councils won’t be able to maintain an underborrowed position over the next year, survey finds

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Just over a fifth of councils will need a significant amount of new external borrowing in the next year as they can no longer hold an underborrowed position.

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That’s according to Room151 and CCLA’s annual treasury and finance survey, which featured responses from section 151 officers, treasury managers, finance directors and other

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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