On 1 May 2009, at 10:06, Nigel Stanley wrote: > 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.
Ah yes. Just like the PFI initiative. Magic. Baz
