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The local government sector reacted to last week’s hike in the Public Works Loan Board interest rate with emotions ranging from dismay to anger. As finance directors raced to re-evaluate[…]
Room 151 is seeking your views on how the announcement of a 1% increase in the rate of borrowing from the Public Works Loan Board will affect your council. Take[…]
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[…]
UK Municipal Bonds Agency (UKMBA) chief executive Aidan Brady is stepping down from his role as chief executive after leading the organisation for five years. Brady’s departure comes a week[…]
London Borough of Barking and Dagenham has agreed to find £3.4m to keep development work going on a planned film studio complex after its California-based preferred partner for the project[…]
Last week’s shock increase in the Public Works Loan Board (PWLB) lending rate could make it harder for councils to achieve strong credit ratings after ratings agency Moody’s dubbed the[…]
Private sector and institutional lenders have been quick to react after the Treasury this week priced itself out of the long-term local government lending market. A new era for local[…]
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[…]
This week’s Public Works Loan Board (PWLB) rate rise has boosted hopes that the UK Municipal Bonds Agency (UKMBA) can finally issue its first bond, as the organisation announced the[…]
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).[…]
