Local authorities in the UK borrowed just £130m from the Public Works Loan Board in January, as the cost of borrowing leapt following December's Bank of England interest rate rise.
Warrington Borough Council has done a U-turn on its treasury management strategy policy of avoiding minimum revenue repayments on its commercial investment properties, a move that will cost it...
The local government audit crisis means is compounding local government’s financial difficulties, says Public Accounts Committee chair, Dame Meg Hillier.
The average amount of gross external borrowing by local authorities in England fell in 2020-21, as borrowing restrictions and Covid-19 impacted the sector, according to CIPFA's latest update of its...
Edinburgh City Council is set to allocate up to £9.25m per-year from 2024 to fund the expansion of its tram network, following reduced fare income from Covid-19.
Crisis-hit Slough Borough Council has asked central govenment for £270m of financing flexibilities to help address historic deficits and reduce debts next year.
The government should ban local authorities from borrowing unless they have sufficient plans to make regular repayments of debt and interest, according to the Public Accounts Committee.
The Bank of England is widely expected to increase interest rates for the second time in two months this week as it continues to try to get inflation under control.
London Borough of Croydon failed to ensure it was acting lawfully over an agreement with its housing subsidiary Brick by Brick on a major regeneration project, auditors have found.
Negative publicity surrounding recent failures by local authority companies should not be the only factor shaping the rules on where councils can invest their money, argues Chris Buss.
The value of two retail investments made by Surrey County Council in 2017 has plummeted by tens of millions of pounds – to less than half of the original purchase price – due to Covid-19.
Spelthorne District Council has voted not to reimpose a moratorium on high-rise housing development that delayed its own affordable housing programme, costing it more than £1m.
Suffolk County Council has agreed a £700m joint-venture with property developer Lovell Partnerships, to provide almost 3,000 homes over a 15-year period.
Warrington Borough Council has given the green light to on-lend £37.5m to a housing provider, whilst speculation continues over the future of its partly-owned company Together Energy.
A waste management authority for seven London boroughs, borrowed £280m from the Public Works Loan Board last month to help fund a new waste-to-energy facility.
An improved financial outlook means Peterborough City Council is unlikely to need to use capital financing flexibilities which it previously requested from central government, it has emerged.
Richard Lloyd-Bithell reviews the big treasury management developments over the past year – and highlights the issues that are set to dominate the agenda in 2022.
In October, Tees Valley Combined Authority became the first authority to agree a loan with the recently-launched UK Infrastructure Bank. PF speaks to Gary MacDonald, group director of finance and...