Friday, 25 May 2012

Councils face £25bn charge for financial freedom

Councils will share £25.1 billion pounds of debt to buy their way out of the housing subsidy system, under proposals announced today.

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Related

Articles

  • Borrowing rates set for councils to buy freedom

    28 March 2012

    The rates of interest councils must pay on the loans they use to buy their way out of the housing revenue account subsidy system have been set.

  • The borrowing bombshell

    30/03/2012

    The era of self-financing has arrived but council celebrations could be cut short by an ominous threat to their borrowing limits. Should they take cover? Carl Brown investigates

  • Councils to take on £30bn as HRA debt skyrockets

    25/11/2011

    Councils have seen the debt burden they are set to shoulder as part of self-financing reforms to the housing revenue account balloon to £29.6 billion.

  • The finance frontier

    16/03/2012

    On 28 March local authorities will boldly go where they have never been before as a new era of self-financing dawns. Keith Cooper finds out if they are ready for their journey into the unknown.

  • Councillors doubt HRA reform will boost building

    8 December 2011

    Local authority leaders have questioned whether the dismantling of the housing revenue account subsidy system will allow councils to start building large numbers of homes.

Resources

  • A force for good

    2 April 2012

    Council housing self financing has begun, but what will the new era bring? Steve Partridge examines the possibilities

  • Bank on a big change

    16/03/2012

    Housing revenue account reform means for the first time councils can decide how much to borrow, but they must be on the ball if they are to get the best deal, says Rachel Terry

  • What’s in a name?

    22 November 2011

    The housing strategy for England has finally arrived, but what does it mean for the sector?

  • Knocking down barriers

    21/10/2011

    Finance Bill reforms aim to make it easier and cheaper to invest in the housing market. James Duncan, partner at Winckworth Sherwood, explains

  • Utopia revisited

    18/05/2012

    As David Cameron seeks to revive the principles of garden cities with a consultation due later this year, Colin Wiles examines how likely it is that his vision will come to fruition

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