Corby Borough Council set to borrow £71m more for housing
A borough council in Northamptonshire has said it will have to borrow an extra £71m in next year's budget for housing stock.
Labour-controlled Corby Borough Council said it needed the money because of a government initiative to hand housing stock over to councils.
The authority is already £47m in debt and the extra money would increase its debt to £118m.
It would also mean that Corby would have to pay £2.3m in interest per year.
Council leader Tom Beattie said: "We have been put in a position where we have to borrow this money because of this government initiative. It is not our choice."
The government is expected to comment later.