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Lockdown leads to cut in £10billion debt Scottish councils owe Treasury © Supplied by DCT graphics Scottish councils slashed £275 million from their £10 billion debts to the Treasury last year as work on major projects ground to a halt during the pandemic. Official data shows that most local authorities were able to cut the amount they owed in outstanding loans, with the total falling for the first time in five years, as borrowing for building schemes was put on hold because of lockdown. One leading councillor said it had helped balance the books, and was “one of the few positives” from last year.

United kingdomGlasgow cityDundee cityAberdeen citySouth lanarkshireWestern australiaNew south walesCity ofPeter argyleMadras college in st andrewsAberdeenshire councilInverurie community campusFife councilHighland councilUnited kingdom debt management officePost thumbnail