Search the site
Quick Contact
Email: ernie.clark@wiltshire.gov.ukMobile: 0794 120 1995
News articles from around the Division:
Monday November 28, 2011
WC needs to borrow an extra £126m.
Proposed changes to the Housing Revenue Account will hit WC.
The need will occur in 2012 (28 March), subject to the prior ‘passing’ of the Localism Bill, under the Government’s proposed reform of the Housing Revenue Account (HRA) Subsidy Scheme.This will mean Wiltshire Council will need to borrow an additional £126 million. This borrowing will be kept within a separate (HRA) loan pool, and officers are currently assessing the most efficient and effective vehicle(s) for borrowing.