What's New?
Councils borrowed just £80m through the Public Works Loan Board (PWLB) during the first full month since the Treasury’s rate rise, a mere 4% of August’s total.
Just two authorities – Transport for London (£70m) and City of Edinburgh (£8.4m) – made up 98% of the month’s borrowing, with the remainder being taken in amounts of below £500,000 by parish councils.
SAVE THE DATE – LATIF NORTH
March 25th, 2020, Manchester
Council treasury investment & borrowing
TfL’s loan benefited from the local infrastructure rate, which only charges 60 basis points over gilts, compared to the 180bps over gilts now being charged on normal PWLB loans.
Edinbu
... As an eventful year for local authority treasurers draws to a close, Room 151 takes a look at the top 10 stories from the sector during 2019.
A top government local finance official has been lined up to update the sector on treasury and capital policy at next March’s Room 151 Northern Local Government Treasurers Investment Forum (LATIF North).
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