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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.
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9 Nov 20
Capital receipts for councils in England dropped by more than 30% last year to £2.8bn, the lowest level in the last five years, according to government statistics.
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4 Nov 20
Thurrock Council has taken out a £125m loan with a maturity of just two years from the Public Works Loan Board.
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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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19 Oct 20
CIPFA chief executive Rob Whiteman has claimed that Plymouth City Council acted outside its legal powers by agreeing an interest rates swap deal.
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16 Oct 20
Plymouth City Council’s interest rate swap deal shows councils’ continued appetite for borrowing. David Moore examines the deal and other options available to authorities.
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2 Oct 20
Proposed restrictions on borrowing from the Public Works Loan Board should be dropped to allow district councils to develop new income streams in the wake of Covid-19, the District Councils Network...
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16 Sep 20
Luton Borough Council has approved the borrowing of £60m, which it then intends to lend to its wholly-owned London Luton Airport Ltd as it seeks to offset losses resulting from Covid-19.
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15 Sep 20
The coronavirus pandemic has led to local authorities exploring different paths for borrowing, says Merrick Cockell, chair of the UK Municipal Bonds Agency.
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10 Sep 20
Rother District Council has approved plans to borrow £46m to build offices, in order to keep a business within the district.
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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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21 Aug 20
Northampton Borough Council has approved proposals to borrow an additional £50m to help with the acquisitions of properties, in a bid to reduce homelessness in the borough.
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20 Aug 20
The UK Municipal Bonds Agency has agreed a second bond with Lancashire County Council, just six months after approving its first bond in February.
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6 Aug 20
Councils could speed up infrastructure and affordable housing delivery by borrowing against its proposed new infrastructure levy according to the government’s consultation on planning reform.
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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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31 Jul 20
Changes to the current Public Works Loan Boards lending terms should avoid “unintended consequences” that harm regeneration projects, CIPFA has warned.
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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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21 Jul 20
Local authority borrowing continued to rise in June to £3bn, £100m more than in May, and ten times higher than the figure for June 2019, according to figures from the Office for National Statistics.
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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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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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9 Jul 20
The government will need a plan to manage its Covid-related debt in place by the autumn, according to former permanent secretary to the Treasury, Lord Macpherson.
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9 Jul 20
Government borrowing in response to Covid-19 could rise to £500bn in the wake of chancellor Rishi Sunak’s economic package announced yesterday, according to the Institute for Fiscal Studies.
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22 Jun 20
Scotland must have greater fiscal autonomy to deal with the economic fall-out of the coronavirus pandemic, a group of economic advisors has warned.
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.
4 Nov 20Thurrock Council has taken out a £125m loan with a maturity of just two years from the Public Works Loan Board.
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.
19 Oct 20CIPFA chief executive Rob Whiteman has claimed that Plymouth City Council acted outside its legal powers by agreeing an interest rates swap deal.
16 Sep 20Luton Borough Council has approved the borrowing of £60m, which it then intends to lend to its wholly-owned London Luton Airport Ltd as it seeks to offset losses resulting from Covid-19.
15 Sep 20The coronavirus pandemic has led to local authorities exploring different paths for borrowing, says Merrick Cockell, chair of the UK Municipal Bonds Agency.
21 Aug 20Northampton Borough Council has approved proposals to borrow an additional £50m to help with the acquisitions of properties, in a bid to reduce homelessness in the borough.
20 Aug 20The UK Municipal Bonds Agency has agreed a second bond with Lancashire County Council, just six months after approving its first bond in February.
6 Aug 20Councils could speed up infrastructure and affordable housing delivery by borrowing against its proposed new infrastructure levy according to the government’s consultation on planning reform.
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.
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.
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.
22 Jun 20Scotland must have greater fiscal autonomy to deal with the economic fall-out of the coronavirus pandemic, a group of economic advisors has warned.
19 Oct 20 to 22 Oct 20
19 Oct 20 to 22 Oct 20
