The future lending terms of PWLB is under review with the possibility of a ban on borrowing for commercial investment on the horizon. David Green argues some “fundamentals” need resolving[…]
An increase in PWLB rates has seen treasury officers deluged with offers of credit from the private sector. David Green writes local authorities should take care with the money they[…]
The government has finally lost its temper with ever increasing borrowing by local authorities and has added 1% to Public Works Loans Board interest rates. Anecdotally, much of this recent[…]
Now that local authorities are in the middle of preparing their first financial statements under the new IFRS 9 Financial Instruments accounting standard, here’s a reminder of what might need[…]
Councils who think they won’t be subject to new accounting rules on leases are in for a rude awakening, says David Green. One of the first things anyone analysing financial[…]
Strongly worded statements and additional guidance might not be enough to wean councils off their addiction to borrowing to fund property investments, says David Green. Local authorities must not borrow[…]
Room151’s recent Local Authority Treasurers Investment Forum (LATIF) provided lively debate over Brexit, councils’ commercial property purchases and general investment returns. David Green gives his overview of events. I recently[…]
A recent accounting clarification could have big implications for managing LOBO loans. David Green suggests there is a way to save councils from going under. Many local authorities had objections[…]
Lending between councils has become controversial with some accused of offering loans at “bargain basement” rates. David Green analyses the elements that go into setting a rate. Inter-authority lending has[…]
IFRS 9’s impact on accounting may be fraying the nerves of treasury managers. David Green imagines a coffee machine conversation in which the caffeine helps clarify an approach to the[…]
