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25 Jan 22
Central government interest payments were up by 200% in December from a year earlier due to inflation reaching a three-decade high.
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10 Dec 21
Cash-strapped Peterborough City Council is set to freeze its capital spending in 2021-22, and nearly eliminate new borrowing next year.
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3 Dec 21
Capital spending by local authorities dropped by 8% during 2020-21 compared to the previous year as Covid-19 delayed projects and councils veered away from buying property due to changes in...
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30 Nov 21
The government is proposing new rules that would prevent councils avoiding making provision for debt servicing payments on commercial investments.
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15 Oct 21
Liverpool City Council has formally terminated a highways development contract after the construction firm carrying out the works went into administration.
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12 Oct 21
Nottinghamshire County Council will need to borrow a further £70m to deliver capital projects and refinance loans, pushing its total debt close to £600m.
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6 Oct 21
An over-budget highways project by Liverpool City Council has suffered a double whammy after its developer entered administration and budget estimates soared.
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21 Sep 21
The UK government borrowed more than expected in August, while inflation pushed up interest payments.
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20 Aug 21
Luton Borough Council has defended its annual capital borrowing limit, which will rise to £1bn over the next four years due to the “devastating impact” of Covid-19.
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13 Aug 21
Short-term lending between local authorities dropped by more than 10% in the first quarter of this year, according to government figures.
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3 Aug 21
Wokingham Borough Council has approved plans to borrow more than £20m to create a solar farm to help offset carbon emissions and generate income.
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21 Jul 21
Chancellor Rishi Sunak will have little headroom for extra commitments in the autumn Spending Review, according to the Institute for Fiscal Studies.
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8 Jul 21
Borough and county councils have a lack of knowledge as to how their parish and town councils operate, according to local government expert.
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2 Jul 21
CIPFA has praised Slough Borough Council’s finance director on the decision to publish a section 114, freezing all non-essential spending as the authority attempts to balance its budget.
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2 Jul 21
The London Borough of Croydon may need to write-off up to £52m in loans to wholly-owned housing firm Brick by Brick, after rejecting the sale of the company.
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29 Jun 21
Uttlesford District Council is applying for a credit rating to allow it access to a greater range of borrowing to fund its multi-million programme of out-of-borough commercial investments.
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29 Jun 21
Luton Borough Council has agreed a £119m rescue package for the authority-owned company which runs Luton Airport, after Covid-19 slashed revenues.
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24 Jun 21
CIPFA is proposing to boost the information it provides on proposed borrowing restrictions on borrowing for yield in its update to the Prudential Code.
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17 Jun 21
The coronavirus pandemic and tighter government lending rules led to a 41% real-terms contraction in councils' payments for land and buildings last year, according to provisional outturn figures.
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17 Jun 21
A proposed liability benchmark to help local authorities manage their debt needs could save the sector tens of millions of pounds, according to an industry expert.
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3 Mar 21
Budget measures imply the government will have borrowed an ‘unprecedented’ £570bn over this financial year and next, according to the Office for Budget Responsibility.
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14 Jan 21
A future Labour government would produce 20-year projections for the public finances, according to shadow chancellor Anneliese Dodds.
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25 Nov 20
The government is set to borrow a peacetime record £394bn this year, as it funds Covid-19 support measures, according to the Office for Budget Responsibility.
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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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19 Nov 20
An Essex council says it has been forced to change its borrowing strategy because other councils are unwilling to lend to it after negative press coverage over its investments.
25 Jan 22Central government interest payments were up by 200% in December from a year earlier due to inflation reaching a three-decade high.
10 Dec 21Cash-strapped Peterborough City Council is set to freeze its capital spending in 2021-22, and nearly eliminate new borrowing next year.
3 Dec 21Capital spending by local authorities dropped by 8% during 2020-21 compared to the previous year as Covid-19 delayed projects and councils veered away from buying property due to changes in...
30 Nov 21The government is proposing new rules that would prevent councils avoiding making provision for debt servicing payments on commercial investments.
15 Oct 21Liverpool City Council has formally terminated a highways development contract after the construction firm carrying out the works went into administration.
12 Oct 21Nottinghamshire County Council will need to borrow a further £70m to deliver capital projects and refinance loans, pushing its total debt close to £600m.
6 Oct 21An over-budget highways project by Liverpool City Council has suffered a double whammy after its developer entered administration and budget estimates soared.
20 Aug 21Luton Borough Council has defended its annual capital borrowing limit, which will rise to £1bn over the next four years due to the “devastating impact” of Covid-19.
3 Aug 21Wokingham Borough Council has approved plans to borrow more than £20m to create a solar farm to help offset carbon emissions and generate income.
21 Jul 21Chancellor Rishi Sunak will have little headroom for extra commitments in the autumn Spending Review, according to the Institute for Fiscal Studies.
8 Jul 21Borough and county councils have a lack of knowledge as to how their parish and town councils operate, according to local government expert.
2 Jul 21CIPFA has praised Slough Borough Council’s finance director on the decision to publish a section 114, freezing all non-essential spending as the authority attempts to balance its budget.
2 Jul 21The London Borough of Croydon may need to write-off up to £52m in loans to wholly-owned housing firm Brick by Brick, after rejecting the sale of the company.
29 Jun 21Uttlesford District Council is applying for a credit rating to allow it access to a greater range of borrowing to fund its multi-million programme of out-of-borough commercial investments.
29 Jun 21Luton Borough Council has agreed a £119m rescue package for the authority-owned company which runs Luton Airport, after Covid-19 slashed revenues.
3 Mar 21Budget measures imply the government will have borrowed an ‘unprecedented’ £570bn over this financial year and next, according to the Office for Budget Responsibility.
14 Jan 21A future Labour government would produce 20-year projections for the public finances, according to shadow chancellor Anneliese Dodds.
25 Nov 20The government is set to borrow a peacetime record £394bn this year, as it funds Covid-19 support measures, according to the Office for Budget Responsibility.
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.
19 Nov 20An Essex council says it has been forced to change its borrowing strategy because other councils are unwilling to lend to it after negative press coverage over its investments.
