The final ‘determination’ by the government of the ‘debt’ level for each Council as part of the new ‘self-financing’ system, has just been published. The ‘debt’ payment which Swindon has to hand over to the government in March was reduced by just over £1 million. However, the maximum borrowing level which the Council can have has been reduced by a similar amount, leaving Swindon with an extra £2,000 to lavish on its housing stock.



Payment to government

Maximum debt

Previous amount



Final amount