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The government is unlikely to make radical changes to the prudential framework to council curb borrowing to fund commercial property investment, it said this week. Speaking at Room151’s Local Authority[…]
Twice as many councils predict an increase in borrowing from other councils next year as those forecasting a reduction, according to the 2019 Room 151 Treasury Investment Survey. This year’s[…]
Local authorities in two different parts of the country are looking to collaborate in their bids to create new community banks to support people in deprived areas and generate dividends.[…]
The Redmond Review of local authority audit will consider whether councils are being effectively held to account following changes to business models including greater commercialisation and property investment. Sir Tony[…]
A South West Council has agreed a £14.9m loan to its local NHS foundation trust for a new pathology centre. Bournemouth, Christchurch and Poole Council last week agreed the loan,[…]
Northamptonshire County Council has borrowed £110m from the Public Works Loan Board to replace short-term borrowing. The council took six loans during August at rates between 1.12% and 1.68% with[…]
Borrowing from the Public Works Loan Board hit another recent record high in August, with councils taking £1.983bn in loans. The figure pips March’s figure of £1.93bn, a spree fuelled[…]
Shropshire Council says last week’s Spending Review has rescued it from exhausting its reserves this year. A report from external auditors going before councillors this week says the authority faces[…]
The government is to consider changes to the prudential framework covering local authority finances to prevent a repeat of the controversy over Peterborough City Council’s use of capital receipts. In[…]
Councils need to maintain healthy reserves despite increased funding for councils through last week’s Spending Review, says Chris Buss. One of the advantages of not being a serving section 151[…]
