-
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.
-
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.
-
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.
-
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.
-
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.
-
8 Nov 19
Borrowing from the Public Works Loan Board has dropped by nearly three quarters since interest rates were hiked in early October.
-
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.
-
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.
-
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.
-
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.
-
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.
-
2 Oct 15
Local authorities braced for more spending cuts are thinking creatively about their funding needs