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COUNCIL DEBT: Swansea owes £629m — second highest in Wales — but council brands record borrowing figures 'misleading'
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COUNCIL DEBT: Swansea owes £629m — second highest in Wales — but council brands record borrowing figures 'misleading'
Swansea Council owes £629.2m — more than any local authority in Wales apart from Cardiff — according to new analysis of government borrowing data. The figures, compiled by campaign group the TaxPayers’ Alliance from Ministry of Housing, Communities and Local Government live tables, show local authority debt across the UK reached a record £154.6 billion in 2025-26 — up £6 billion, or 4.1%, in a single year. Welsh councils account for £6.7 billion…
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