Borrowing money for road repairs in Bucks ruled out

The cross-party finance, performance had demand the cabinet consider the ‘principle’ of prudential borrowing – without naming an exact figure.

They said it made sense to borrow money at a low interest in order to carry out the work.

Leader Martin Tett admitted the issue was ‘contentious’ but said there was no way the cash-strapped council could afford to repay the loan without it impacting on services.

His cabinet agreed with him. Mr Tett said the ruling Tory group also backed his stance at a private meeting.

Background: Insane! Council’s leader’s anger at prudential borrowing.