Scots Top League of Councils in Debt

Daily Record (Glasgow, Scotland), March 27, 2000 | Go to article overview

Scots Top League of Councils in Debt


SCOTS councils top the league in a debt list of local authorities.

Glasgow, Edinburgh, North Lanarkshire and Fife councils all rank in the top 20 UK councils which owe the most money.

And topping the league, Glasgow owes more than any other council in the UK - more than pounds 2billion - equivalent to pounds 3200 per head of the city's population.

Glasgow's debt is equal to the national debt of the African republic of Mali and is as much as the combined debt of Manchester and Birmingham who come second and third in the table with both pounds 1billion in the red.

A spokesman for Glasgow City Council yesterday defended its position.

He said: "Glasgow has the highest number of council houses in the UK - 97,146.

"Investment in council housing accounts for a considerable share of the debt."

The council is currently considering proposals to transfer its housing stock out of local authority control, which is expected to halve the outstanding debt. …

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