What's New?
David Green calls on the government to listen to feedback on the Minimum Revenue Provision consultation and avoid unintended consequences. Local authorities can fund capital expenditure, but not revenue expenditure,[…]
David Green scans the treasury landscape for the coming year and finds codes of practice, levelling up, new accounting standards and interest rate rises looming. Happy New Year to Room[…]
Ten years on the treasury landscape has been reshaped, writes David Green, as borrowing, investments, interest rates, regulation and accounting rules have all gone through change. As Room 151 celebrates[…]
The governance of treasury management is a multi-faceted process governed by multiples agencies in many documents. David Green examines the benefits of simplification. I’m sometimes asked how local authorities go[…]
Following an updated process, the new Prudential Code is ready to come into force. David Green writes CIPFA listened to respondents. Following its consultation on changes to the Prudential Code[…]
Auditors are taking a close interest in the accounting for companies owned by councils. David Green looks at the elements that attract attention. Council-owned companies have been in the news[…]
Collapse of the Bremen-based Greensill Bank has hurt a number of German local authorities. David Green argues their troubles deserve close attention. You may not have heard of Greensill Bank[…]
David Green asks whether new borrowing rules should prompt lenders to reassess the risk of doing business with councils. There are two main reasons why an organisation might default on[…]
David Green writes that the alternative to extending statutory overrides will be “no good for local or central government, nor their taxpayers”. Local authorities are drawing up their revenue budgets[…]
Long-term fixed rate loans may be low risk but, argues David Green, the lowest risk comes with a portfolio including a “decent proportion” of short-term borrowing. A recent Room 151[…]
