Council hits back at 'illegitimate' claim

By Naomi Larsson | 31 October 2018

Newham LBC has denied claims that decisions to enter into controversial high-interest loans were illegitimate.

A report from campaign group Research for Action suggested the council’s debt incurred by Lender Option Borrower Option (LOBO) loans was illegitimate and some loans were illegal.

Want full article access?

Receive The MJ magazine each week and gain access to all the content on this website with a subscription.

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.


Already a subscriber? Login

Budgets and efficiency Business Finance Legal CIPFA