Register

Take the Room 151 survey on the impact of the PWLB rate rise: 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[...] dlvr.it/RGPP1q pic.twitter.com/hLt1s2Gp9U

Council injects £3.4m to fund film studio plans after Brexit blow: 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… dlvr.it/RGN5th pic.twitter.com/UvQDw0r5UF

ALMO funding issues prompt move to insource housing services: The only arm’s-length management organisation to oversee homes in multiple councils faces closure with all the councils involved intending to take the service directly in-house. East Kent… dlvr.it/RGN5qt pic.twitter.com/bvOWC9kNiO

Moody’s: PWLB rate rise ‘credit negative’ for local authorities: 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[...] dlvr.it/RGKNVS pic.twitter.com/Z9QXxtd7Nq

Queen’s Speech trails legislation on social care and devolution: Long-delayed reforms to social care were included among the government’s proposed legislative agenda announced in yesterday’s Queen’s Speech. Proposals for a green paper on social care were… dlvr.it/RGDlj9 pic.twitter.com/xbH5kRwJ0b

Sponsored: Driving regional growth through the government hub programme: 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… dlvr.it/RG0FPy pic.twitter.com/IoLXZ0xktB

Market makers to step in to PWLB financing vacuum: 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[...] dlvr.it/RFwHGp pic.twitter.com/tr2KiGdUWt

Councils plead for discount PWLB rate to save housing and regen schemes: The District Councils Network has asked the Treasury to create a new Public Works Loan Board discount rate, as councils reassess the viability of their regeneration and housing… dlvr.it/RFwHFF pic.twitter.com/EHZcsCkgZw

PWLB bombshell: ‘Best day for a long time’ for bonds agency: 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[...] dlvr.it/RFwH6k pic.twitter.com/8ZXBLVHDnU

Lack of transparency ‘contributed to £11.7m school overspend’: 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… dlvr.it/RFrFkW pic.twitter.com/RspiDcguv9

PWLB rate hike sends shockwaves through council finance sector: 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).[...] dlvr.it/RFqbgN pic.twitter.com/nIhYZLUHCN

Council set to purchase residential block to house staff: A London council is set to approve a loan of £110.5m to one of its wholly-owned companies to purchase a residential block to provide investment income and house its staff[...] dlvr.it/RFmLBx pic.twitter.com/64NX9rtlRX

Government proposes to continue compensating councils with negative RSG: The government is proposing to compensate councils with negative revenue support grant (RSG) in 2020/21, it has announced in a consultation on the distribution of next year’s local… dlvr.it/RFhSS9 pic.twitter.com/iW5po29CvR

Devolution white paper announcement accompanied by hint on unitary push: 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.… dlvr.it/RFRDQ4 pic.twitter.com/kkBXRHw5Xl