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The Society of District Council Treasurers has asked the Treasury to create a new Public Works Loan Board discount rate, as councils reassess the viability of their regeneration and housing[…]
by Tom Roberts, head of strategic investment, LGIM Real Assets The government estate is made up of hundreds of thousands of UK assets; from railways ports and prisons to hospitals[…]
Optimism bias and a culture of limited transparency led to an £11.7m overspend on a new academy school in Northamptonshire, according to an internal investigation. A report presented to Northamptonshire[…]
Whitehall today threw a hand grenade into local authority borrowing plans by announcing a whole percentage point increase in the rate of borrowing from the Public Works Loan Board (PWLB).[…]
A London council is set to approve a loan of £110.5m to one of its wholly-owned companies to help purchase a residential block to provide investment income and house its[…]
Local areas could get more powers and cash from central government – but face government pressure to adopt unitary models, following this week’s Conservative Party conference. Speaking this week at[…]
Nottingham City Council is implementing a range of in-year spending controls including a hiring freeze and a halt to non-essential spending to deal with a projected £9m overspend. The authority[…]
The recent boom in council spending on land and buildings slowed last year, indicating that the craze for borrowing to invest in commercial property may be reaching its peak. The[…]
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.[…]
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[…]
