Local authorities have been warned that they will need to guarantee each others’ debts if a new local authority bond agency is to get the top credit rating needed to make the plans viable.
The Local Government Association will next month announce plans for a bond club arrangement that could allow councils to jointly borrow from financial markets.
Wandsworth has put on hold its plan to issue a council bond to finance housing improvements. But the London borough's finance director believes that this form of borrowing still has a role to...
Birmingham City Council has been given a triple-A credit rating by one of the world’s biggest rating agencies as the authority positions itself to borrow money from financial markets.
Councils are pressing ahead with plans to borrow through the bond market for the first time in more than two decades, despite the cut in public borrowing interest rates, Public Finance has been told.
