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Social_housing_in_Moss_Side.jpg?profile=RESIZE_710xCouncils voice frustration after shock interest rate rise imposed on cheap Treasury loans

The government has been accused of “trashing” plans to build more social housing across the UK after it imposed a shock interest rate rise on cheap Treasury loans.

Councils reacted with frustration to the one percentage point increase on public works loan board (PWLB) finance, which was imposed “out of the blue” this week, warning it could delay or scupper housebuilding and regeneration schemes.

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The Guardian

 

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