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Councils Cry Poverty — While Quietly Lending Each Other £Millions
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Councils Cry Poverty — While Quietly Lending Each Other £Millions
We’ve just been handed a neat little window into how modern local government really works. On Tuesday 10 March, Folkestone & Hythe District Council’s Finance and Performance Scrutiny Sub-Committee will see a borrowing schedule showing that, at 31 December 2025, FHDC was sitting on £30 million of short-term loans from six other public-sector lenders. Every single slice of that borrowing is £5 million, and every single slice falls due in 2026. So …
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