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Borrowing caps for local authorities to be lift says PM

Borrowing caps for local authorities to be lift says PM

05 October 2018

In her speech at the Conservative Party Conference, Theresa May has annouced that borrowing caps for local authorities will be lifted in effort to achieve the target of 300,000 new homes a year.  This follows the increase of £1bn on that cap afforded by the Autumn 2017 budget in areas of high affordability.