William Eichler 23 June 2025

Council’s net debt rises by £233m

Wirral Council’s net debt has risen by £233m in six months due in part to spending on Public Finance Initiatives (PFI).

A report on the council’s finances shows that between September 2024 to March 2025 there was a £25m increase in spending on PFIs, £73m in borrowings, and a drop of £8m in investments from £41m to £33m.

Around £152m of the £233m increase in net debt was due to changes to PFI liabilities and accounting rules.

#PFI #Debt #Investment

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