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Authorities face volatility as short-term debt becomes default option

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Public Works Loan Board (PWLB) rates continue to rise as local authorities ramp up short-term borrowing.

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According to the most recent rates published by the Debt Management Office (DMO), any long-term loan over 25 years now carries an interest rate

What skills, knowledge and experience does a treasury manager take with them when they retire, and how might these come into play once they are no longer managing the finances of an authority, but their own? Can this show us anything about local government treasury management?

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