2009/4/30 <[email protected]>: > What makes you think don't becoming a voluntary sector organisation would > give BW any more latitude to borrow than now? > > Steve > Sent using BlackBerry® from Orange >
This is what I understand. At the moment anything BW borrows shows up on the public sector overall accounts as debt. It therefore needs Treasury permission to borrow (which is not easy to get) If it were an independent body - even one that got lots of government grant - its debts would not be on the public sector balance sheet. -- Nigel Stanley
