A revised code will be amended in response to concerns that it either lacked clarity or was “not appropriate”.
CIPFA’s revision of the Prudential Code has proved controversial but concerns about proposed changes appears to have been heeded.
Proposed new wording for the code published at the end of last month followed earlier amendments that had prompted objections and worries that they might limit the ability of local authorities to borrow for some projects.
However, CIPFA chief executive Rob Whiteman declared the fresh proposals are set to head off behaviour among councils considered unacceptable and an underlying cause of the revision. “We are confident that the proposals we will be implementing will put an
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