‘Naughty lists’ in council lending market risk breaking the system

The inter-authority lending market risks becoming a two-tier system, with many councils placed on “naughty lists” despite having minimal credit risk, treasury professionals have warned.

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Citing Animal Farm by George Orwell, Danny Mather, head of corporate finance at Warrington Borough Council, described the local authority borrowing market as one where “some

‘Naughty lists’ in council lending market risk breaking the system

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