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Council deposits with banks and building societies fell by 18% during the last financial year as authorities drew down on reserves and lent more to other councils. End-of-year figures released[…]
Borrowing from the Public Works Loan Board (PWLB) continued its rising trajectory in May amid signs that some treasurers are moving from internal borrowing and short-term loans into long-term financing.[…]
With local authorities building commercial and corporate strategies on a wide range of investments, the issue of governance prompted by new statutory guidance has take center stage. Olwen Dutton outlines[…]
Local authority finance experts will gather for the tenth annual Room151 Local Authority Treasurers Investment Forum (LATIF) & FD’s Summit in September. A decade on from the Icelandic banking crisis[…]
The government’s response to financial problems at Northamptonshire County Council reinforces the creditworthiness of the local authority sector, according to ratings agency Moody’s. In early May, communities secretary James Brokenshire[…]
Sponsored Q&A: In the last five years years, the Local Authority Property Fund has gone from being a relatively unknown quantity to a staple in the local authority treasury investor’s[…]
Calculating whether LOBOs are a good risk is controversial. Conrad Hall uses lessons drawn from the famous board game to help devise a plan for managing the contentious loans. LOBOs[…]
A home counties borough council has agreed to amend its property investment strategy to include residential developments. In February, Basingstoke Borough Council approved plans to boost its strategy for property[…]
Guidance introduced last year on how councils should account for controversial Lender Option Borrower Option (LOBO) loans has been clarified after causing confusion among auditors. A group of audit firms[…]
A bill to ban councils borrowing from central government for commercial property investment is to be considered by the House of Commons. Christopher Chope, Conservative MP for Christchurch, has published[…]
