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Folkestone & Hythe ‘Stretches the Mortgage’ on £192m Debt: MRP Savings Now, Higher Bills Later
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Folkestone & Hythe ‘Stretches the Mortgage’ on £192m Debt: MRP Savings Now, Higher Bills Later
Folkestone & Hythe District Council (FHDC) is proposing a change that makes its finances look dramatically healthier on paper — not by paying down debt, but by changing the rule that decides how much it must set aside each year for past borrowing. In its Capital-Strategy-2026/27 and Minimum Revenue Provision (MRP) Statement 2026/27, the council proposes moving from a straight-line MRP approach to an annuity approach, implemented from 1 April 202…
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