- Reference: 2016/3275
- Question by: Tony Devenish
- Meeting date: 14 September 2016
The campaign group Debt Resistance has shown around 250 local authorities across the country have Lender Option Borrower Option (LOBO) loans, including many such loans held by the London Borough of Newham. The group suggest these loans had a face value of £563m, but now have a "fair value" of £959m. Do you support such borrowing by local authorities?