Great Britain

Fylde Council set to be debt-free in time for Christmas

Fylde Council is set to be debt-free in time for Christmas
Fylde Council is set to be debt-free in time for Christmas

Fylde Council is set to be debt-free in time for Christmas.

The council is due to pay off the last £1m of their 10-year loan from the United Kingdom Debt Management Office, leaving them as one of only three councils in Lancashire with

no external debt.

The final instalment is due to be paid this month and will leave the council debt-free for the first time since March 2008.

Karen Buckley, deputy leader of Fylde Council and chairman of the Finance and Democracy Committee, said: “I am delighted that the hard work of all our budget holders and the

direction that we have taken as a council since the beginning of this decade has resulted in Fylde becoming debt-free.

“The revenue support grant from Central Government has reduced to nil during this time and alternative income streams have shifted the risk from Whitehall to the local authorities.

“Here at Fylde we have managed this risk extremely well whilst protecting the services that our residents expect and provided investment in the borough at the same time.”

Football news:

The Agent Of Gareth Bale: In real Life, Gareth was treated differently. I hope there will be no question of a return
Micah Richards: People write: Richards only works live because of BLM. I achieved this through hard work
The former Director of Barca: Martino said Messi: I know that if you call the President, he will throw me out
Liverpool are in contact with Mbappe's entourage and will compete for him with Real Madrid next summer
Carragher on de Bruyne: Next after Messi and Ronaldo. This is the best player in the Premier League
Morata arrived in Turin. He goes to Juve on loan
Barcelona wanted to buy Tiago before he moved to Liverpool. Catalans were ready to pay 10 million euros