£65m in debt… finance chief expects clampdown on councils’ ability to borrow

Debt fuelled acquisition of commercial property by the borough council might be a thing of the past in Hastings. Tonight members of Hastings Borough Council’s cabinet will hear that a government consultation that ended in July is expected to put an end to councils being able to borrow from the Public Works Loan Board (PWLB) […]

Bensons for Beds’ owners go bust – what’s the future for the Hastings store?

The fragile nature of the commercial property market was laid bare yesterday when a number of high-profile, high street names called in administrators. Among those was the Harveys furniture group. While there is no Harveys store in Hastings its subsidiary Bensons for Beds is a tenant of Hastings Borough Council in Bexhill Road. The chain, […]