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1 Apr 21
Local authorities in England borrowed £856m from the Public Works Loan Board last month, as councils refocus on capital projects following a lull due to Covid-19.
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17 Feb 21
Reading Borough Council has scrapped plans to add to its commercial property portfolio due to Covid-19 and changes to Public Works Loan Board lending rules.
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5 Jan 21
Local authorities borrowed £252m from the Public Works Loan Board in December, the highest sum borrowed since April, following November’s one percentage point drop in borrowing rate.
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18 Dec 20
The recent restrictions imposed on borrowing from the Public Works Loan Board will make budget management in the medium term more challenging, ratings agency Moody’s has said.
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27 Nov 20
Reforms to the system of accessing Public Works Loan Board borrowing increase the importance of good decision-making by council section 151 officers, says David Blake.
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25 Nov 20
The government has reversed its October 2019 hike in the Public Works Loan Board borrowing rate and introduced a ‘ban’ on councils borrowing to raise revenue from commercial property.
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19 Nov 20
The amount of money owed by local authorities to the Public Works Loan Board fell for the first time in almost four years during the second quarter of 2020-21.
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14 Sep 20
Local-authority-to-local-authority borrowing continues to rise, as short-term borrowing rates dropped to 0% last week, according to local government treasury advisors Arlingclose.
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3 Sep 20
Local public bodies borrowed £115.6m last month from the Public Works Loan Board, a decrease of more than 30% on £187.2m borrowed in July.
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5 Aug 20
Local public bodies borrowed £187.2m last month from the Public Works Loan Board, almost a 50% rise on £125.6m borrowed from the board in June.
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16 Jul 20
Councils borrowed £875m for housing projects in March from the Public Works Loan Board after the introduction of a special rate for housing revenue account projects in the Budget.
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13 May 20
With significant and unexpected swings in cashflow, a reduction in loan margins would make all the difference for councils, argues local authority treasury adviser Arlingclose's strategic director...
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9 Apr 20
A London council has raised £80m for its capital investment programme through a private placement, beating the Public Works Loan Board rate despite the turbulent market disrupted by the coronavirus.
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10 Mar 20
Local authorities dived back into Public Works Loan Board borrowing this week after the interest rate on some loans dropped below 2% following the coronavirus outbreak.
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10 Feb 20
The extra Treasury cash raised via the Public Work Loans Board 1% rate rise should be handed back to local government, council leaders have suggested.
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7 Feb 20
The maiden bond launched by the UK Municipal Bonds Agency is the first step in a sector-wide shift away from the Public Works Loan Board, local government finance figures have said.
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17 Jan 20
Lancashire County Council will become the first local authority to borrow from the UK Municipal Bonds Agency, five years after it was created.
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14 Jan 20
The Public Works Loan Board interest rate hike caused “dismay” among councils, according to Sarah Pickup deputy chief executive of the Local Government Association.
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8 Nov 19
Borrowing from the Public Works Loan Board has dropped by nearly three quarters since interest rates were hiked in early October.
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29 Oct 19
The Public Works Loan Board interest rate hike will not have a “significant impact” on council house building, the communities secretary has told MPs.
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10 Aug 18
In the last financial year the value of loans made by the Public Works Loan Board increased by 42%. The LGiU’s Jennifer Glover explains looks at why that might be.
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1 Aug 18
Local authority borrowing from the Public Works Loan Board has reached a seven-year high as cash-strapped councils increasingly invest in capital projects.
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4 May 18
Local authorities are struggling to repay loans as a result of a “pernicious” rule change by the Public Works Loan Board, a financial risk analysis website has said.
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15 Nov 16
The government has confirmed plans to abolish the 223-year-old Public Works Loan Board and transfer its functions for lending to local authorities to the Treasury.
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2 Oct 15
Local authorities braced for more spending cuts are thinking creatively about their funding needs
1 Apr 21Local authorities in England borrowed £856m from the Public Works Loan Board last month, as councils refocus on capital projects following a lull due to Covid-19.
17 Feb 21Reading Borough Council has scrapped plans to add to its commercial property portfolio due to Covid-19 and changes to Public Works Loan Board lending rules.
5 Jan 21Local authorities borrowed £252m from the Public Works Loan Board in December, the highest sum borrowed since April, following November’s one percentage point drop in borrowing rate.
18 Dec 20The recent restrictions imposed on borrowing from the Public Works Loan Board will make budget management in the medium term more challenging, ratings agency Moody’s has said.
27 Nov 20Reforms to the system of accessing Public Works Loan Board borrowing increase the importance of good decision-making by council section 151 officers, says David Blake.
25 Nov 20The government has reversed its October 2019 hike in the Public Works Loan Board borrowing rate and introduced a ‘ban’ on councils borrowing to raise revenue from commercial property.
19 Nov 20The amount of money owed by local authorities to the Public Works Loan Board fell for the first time in almost four years during the second quarter of 2020-21.
16 Jul 20Councils borrowed £875m for housing projects in March from the Public Works Loan Board after the introduction of a special rate for housing revenue account projects in the Budget.
13 May 20With significant and unexpected swings in cashflow, a reduction in loan margins would make all the difference for councils, argues local authority treasury adviser Arlingclose's strategic director...
10 Feb 20The extra Treasury cash raised via the Public Work Loans Board 1% rate rise should be handed back to local government, council leaders have suggested.
17 Jan 20Lancashire County Council will become the first local authority to borrow from the UK Municipal Bonds Agency, five years after it was created.
29 Oct 19The Public Works Loan Board interest rate hike will not have a “significant impact” on council house building, the communities secretary has told MPs.
10 Aug 18In the last financial year the value of loans made by the Public Works Loan Board increased by 42%. The LGiU’s Jennifer Glover explains looks at why that might be.
1 Aug 18Local authority borrowing from the Public Works Loan Board has reached a seven-year high as cash-strapped councils increasingly invest in capital projects.
2 Oct 15Local authorities braced for more spending cuts are thinking creatively about their funding needs
