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Thurrock to refinance £215m in low-rate PWLB loans amid market volatility

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Thurrock Council is approaching a critical refinancing deadline in July, with £215m in low-interest government loans due to mature amid heightened rate volatility.

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The authority, which is currently under government intervention, has two loans from the Public Works Loan Board (PWLB) at interest rates of 2.65% –

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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