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Mark Finnegan interview: borrowing strategies, devolution and the future of treasury functions

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On 6 February, the Bank of England cut interest rates from 4.75% to 4.5% – the lowest base rate since June 2023. While that cut on its own is not likely to drastically shift local authorities’ borrowing strategies, it does mark an interesting direction of travel.

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How quickly borrowing strategies might shift could depend on an authority’s internal borrowing situation, thinks Mark Finnegan, lead treasury accountant at West Midlands Combined

What skills, knowledge and experience does a treasury manager take with them when they retire, and how might these come into play once they are no longer managing the finances of an authority, but their own? Can this show us anything about local government treasury management?

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