The top five council Lobo loan borrowers' annual interest could be cut by more than half to £52m under cheaper government loans

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Annual interest currently paid on Lobo loans

Annual interest payable under cheaper government loans

0

5m

10m

15m

20m

25m

30m

Newham

Kent*

Glasgow

Leeds

Manchester

Guardian Graphic | Source: Research for Action. Note: Kent County Council recently refinanced £60m of its LOBO loans. These figures do not reflect these changes