Investing in rock solid social housing that will provide steady income for decades is a non-no, according to the Tories.
So, when central governments slashes council funding (partly because they can, partly because the corporate tax cuts need to be paid for somehow), this is what happens:
> In common with many other councils Thurrock attempted to offset the effects of years of austerity cuts to its funding by borrowing cheaply from the Treasury and investing in commercial business in the hope this would provide an alternative income stream. By 2019, English councils had borrowed over £6bn for this purpose.
No shit, I thought the emergency intervention was all planned
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Investing in rock solid social housing that will provide steady income for decades is a non-no, according to the Tories.
So, when central governments slashes council funding (partly because they can, partly because the corporate tax cuts need to be paid for somehow), this is what happens:
> In common with many other councils Thurrock attempted to offset the effects of years of austerity cuts to its funding by borrowing cheaply from the Treasury and investing in commercial business in the hope this would provide an alternative income stream. By 2019, English councils had borrowed over £6bn for this purpose.
No shit, I thought the emergency intervention was all planned