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3 Aug 21
A city council will take on £107m of debt to repay £65m of 'lender option, borrower option' loans, but still expects to save £18m over the life of the debt.
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5 Jul 21
Brighton and Hove City Council has deferred a £1.2m loan payment from Brighton i360, a 530ft viewing tower, to help with its cash flow – over fears the attraction’s failure would cost more in the...
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5 Jul 21
The UK’s debt repayments will be favourable, despite risks stemming from an elevated deficit and future Brexit-related shocks, according to ratings agency Moody’s.
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22 Oct 20
Plymouth City Council’s recent interest rate swap transaction bears little resemblance to the deals that gained notoriety in the late 1980s, says an adviser whose firm worked on the deal.
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21 Oct 20
Public sector net borrowing reached the highest level ever recorded in the first half of the fiscal year as the government tried to deal with the health and economic consequences of Covid-19.
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14 Oct 20
The UK government will need to get record debt in relation to GDP onto a “downward path” once the economy has recovered from Covid-19, according to the OECD.
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29 Jul 20
Savings made by private sector firms and employees during lockdown could help pay for tax rises to cover the repayment of government Covid-19 debt, according to the National Institute of Economic and...
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24 Jul 20
The financial system that emerged from separation of debit and credit in the 14th century seems to be nearing the end of its useful life, says David Kauders.
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24 Jul 20
Ratings agency Moody’s has warned that it could downgrade the UK’s credit rating if it fails to provide a credible debt reduction strategy following Covid-19.
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16 Jul 20
The Treasury has announced a further round of gilt sales, taking the planned 2020-21 total to £385m – more than double the amount anticipated in March’s Budget.
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2 Jul 20
The Cabinet Office has asked for evidence on the fairness in government debt collection.
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19 Jun 20
Public sector net debt rose to 100.9% of GDP in May, the first time debt has exceeded 100% since 1963, as a result of the Covid-19 pandemic.
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5 Jun 20
With government borrowing set to soar to the highest annual level since the Second World War, what is the outlook for public finances?
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5 Jun 20
An economic standstill left the government with no choice, but what are the long-term implications of Covid-19-related debt for public finances?
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24 Apr 20
The Debt Management Office is set to continue record gilt issuance, with £180bn to be offered over the next three months.
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15 Apr 20
The Office for Budget Responsibility has predicted UK GDP could fall by as much as 35% in the second quarter of this year, due to the coronavirus outbreak.
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2 Apr 20
The Debt Management Office is set to auction a record £45bn in gilts this month, in order to help finance the government’s response to the coronavirus pandemic.
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30 Mar 20
The coronavirus pandemic is on course to cause the deepest recession in the UK since the financial crisis of 2008, according to the Centre for Economics and Business Research.
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30 Mar 20
The UK’s credit rating has been downgraded to AA- from AA by credit rating agency Fitch, due to debt levels related to the coronavirus pandemic.
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9 May 19
A London borough will save up to £143m after striking a deal to terminate its controversial LOBO loans early.
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22 Jan 19
Public sector net borrowing was £300m higher in December compared to the month time in 2017, official figures have shown.
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4 Jan 19
Northamptonshire County Council has repaid a loan taken out with a neighbouring county.
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7 Dec 18
Dickensian debtors prisons are a thing of the past, but outdated debt collection practices still risk driving the most financially vulnerable into further difficulty. Victor Smart reports.
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30 Jul 18
Councils and other government bodies are “over-zealous” and “uncompromising” in the way they pursue financially vulnerable people over unpaid debt, MPs have said.
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21 Nov 17
Government borrowing increased by £500m to £8bn in October compared with this time last year, while the national debt increased by £147.8bn, according to official figures.
3 Aug 21A city council will take on £107m of debt to repay £65m of 'lender option, borrower option' loans, but still expects to save £18m over the life of the debt.
5 Jul 21Brighton and Hove City Council has deferred a £1.2m loan payment from Brighton i360, a 530ft viewing tower, to help with its cash flow – over fears the attraction’s failure would cost more in the...
5 Jul 21The UK’s debt repayments will be favourable, despite risks stemming from an elevated deficit and future Brexit-related shocks, according to ratings agency Moody’s.
22 Oct 20Plymouth City Council’s recent interest rate swap transaction bears little resemblance to the deals that gained notoriety in the late 1980s, says an adviser whose firm worked on the deal.
21 Oct 20Public sector net borrowing reached the highest level ever recorded in the first half of the fiscal year as the government tried to deal with the health and economic consequences of Covid-19.
14 Oct 20The UK government will need to get record debt in relation to GDP onto a “downward path” once the economy has recovered from Covid-19, according to the OECD.
29 Jul 20Savings made by private sector firms and employees during lockdown could help pay for tax rises to cover the repayment of government Covid-19 debt, according to the National Institute of Economic and...
24 Jul 20The financial system that emerged from separation of debit and credit in the 14th century seems to be nearing the end of its useful life, says David Kauders.
24 Jul 20Ratings agency Moody’s has warned that it could downgrade the UK’s credit rating if it fails to provide a credible debt reduction strategy following Covid-19.
16 Jul 20The Treasury has announced a further round of gilt sales, taking the planned 2020-21 total to £385m – more than double the amount anticipated in March’s Budget.
19 Jun 20Public sector net debt rose to 100.9% of GDP in May, the first time debt has exceeded 100% since 1963, as a result of the Covid-19 pandemic.
5 Jun 20With government borrowing set to soar to the highest annual level since the Second World War, what is the outlook for public finances?
5 Jun 20An economic standstill left the government with no choice, but what are the long-term implications of Covid-19-related debt for public finances?
15 Apr 20The Office for Budget Responsibility has predicted UK GDP could fall by as much as 35% in the second quarter of this year, due to the coronavirus outbreak.
30 Mar 20The UK’s credit rating has been downgraded to AA- from AA by credit rating agency Fitch, due to debt levels related to the coronavirus pandemic.
9 May 19A London borough will save up to £143m after striking a deal to terminate its controversial LOBO loans early.
22 Jan 19Public sector net borrowing was £300m higher in December compared to the month time in 2017, official figures have shown.
4 Jan 19Northamptonshire County Council has repaid a loan taken out with a neighbouring county.
7 Dec 18Dickensian debtors prisons are a thing of the past, but outdated debt collection practices still risk driving the most financially vulnerable into further difficulty. Victor Smart reports.
21 Nov 17Government borrowing increased by £500m to £8bn in October compared with this time last year, while the national debt increased by £147.8bn, according to official figures.
