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Scottish councils have been incentivised to overlook value for money when weighing up how to finance infrastructure spending, according to spending watchdogs. A report by the Accounts Commission and Auditor[…]
The Public Works Loan Board (PWLB) could remain the only option to access borrowing for councils with poor credit ratings, according to industry experts. Local government finance experts gathered in[…]
Evidence implicates former senior management at a county council in offering a “highly irregular” multi-million pound loan to a developer seeking planning permission for a new garden community, a whistleblowing[…]
Prime minister Boris Johnson declared he was impressed with Spelthorne Borough Council’s initiatives during a visit to one of the authority’s out-of-borough commercial property investments. The authority’s well-publicised borrowing spree[…]
UPDATED: Lancashire County Council has been revealed as the local authority set to become the first borrower from the UK Municipal Bonds Agency (UKMBA). Last week, Room 151 revealed the[…]
Public spending watchdog the Accounts Commission has flagged up transparency failings in its latest annual report on the financial health of local authorities in Scotland. The body said an analysis[…]
The UK Municipal Bonds Agency is poised to launch its long-awaited first bond within weeks, with a second issue set to follow before the end of the financial year. Councillor[…]
By definition Christmas messages should be about a new start, they should be joyous and full of hope for what the next year may bring. Regrettably it is difficult to[…]
Now that the dust has settled after the General Election and we have at least some prospect of a “strong and stable” government, what can local government wish for in[…]
West Berkshire Council is exploring proposals to set up a community bond to fund a green infrastructure project aimed at achieving the authority’s carbon-reduction ambitions. Executive committee members are being[…]
