Quote Originally Posted by Ozyhibby View Post
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The Scottish govt can’t because they don’t have the borrowing powers. Not an Indy point though because it’s the same in England.
It’s a mad system where govt across the UK is struggling for money but something that can make them money and ease the burden on the tax payer is not being done for idealogical reasons. Building and renting out homes could be very profitable for councils all across the UK. However they are not allowed to borrow the money to invest in it.


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Not able to post at any length just now (sigh of relief for all) but councils did have access to prudential borrowing which allowed them to build, topping up with SG monies, and pay the cost back over future rents.