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Local authority investments drop £10bn as borrowing climbs

(Shutterstock)

Total local authority investments have decreased by just over £10bn in the past two years, while total borrowing has risen by almost £14bn over the same period, according to new figures.

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The latest quarterly data on local authority investment and borrowing, published by the Ministry of Housing, Communities and Local Government, shows a sustained decline

The biggest risks in local government finance, a backlash over debt write-offs as part of LGR, and a distaste for EFS were revealed in Room151’s annual treasury and finance survey.

(Tina Miguel photography)