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16 May 22
The government is set to restrict new local authority borrowing from the Public Works Loan Board if it believes the council is at risk of not repaying.
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12 May 22
CIPFA has welcomed government proposals to take greater intervention powers over council finances, saying they could help identify potential problems at an earlier stage.
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11 May 22
The local government secretary will get new powers to direct asset sales and borrowing levels at councils deemed to be at financial risk, under a clause in this week's Levelling Up Bill.
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11 May 22
Local authority borrowing from the Public Works Loan Board remains low following four Bank of England interest rates hikes, after councils capitalised on record low finance last year,...
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10 May 22
Rating agency Moody’s has downgraded Transport for London’s credit rating for the third time since the onset of Covid-19, partly down to ongoing uncertainty over long-term funding.
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27 Apr 22
Shropshire Council is set to scale back its capital spending plans by more than £100m by 2025-26 amid concerns over debt servicing costs.
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20 Apr 22
Durham County Council is set to sell a new £50m office which it has not yet occupied, to help reduce costs as the authority moves to more flexible working.
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11 Apr 22
The Department for Levelling up Housing and Communities is considering proposals to publish the full value of local authority investments and data on subsidiary companies.
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7 Feb 22
Transport for London has received a two week extension to its funding agreement with the government as the network seeks longer-term support.
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7 Jan 22
A waste management authority for seven London boroughs, borrowed £280m from the Public Works Loan Board last month to help fund a new waste-to-energy facility.
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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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3 Nov 21
An energy company owned by Warrington Borough Council has delayed complying with an order to pay £12.4m to regulator Ofgem, running the risk of losing its licence to supply energy.
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27 Oct 21
The joint Spending Review and Autumn Budget pledged real-terms funding increases for each central government department. PF rounds-up where that money is heading.
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24 Sep 21
CIPFA has launched two new consultations on its Prudential Code and Treasury Management Code, focusing on commercial investment and officer training respectively.
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21 Sep 21
Leicestershire County Council has agreed to use its own resources fund an increase of £23m in the funding gap on its capital budget.
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3 Sep 21
Local government bodies continued to pile into the Public Works Loan Board last month, as authorities take advantage of cheap financing, according to a finance chief.
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13 Aug 21
Westminster City Council’s management of an over-budget local attraction which has become a national laughing stock has been branded ‘as an exercise in unaccountability’ by the authority's...
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12 Aug 21
Councils are allowed to use Public Works Loan Board borrowing to restructure existing debt even if they are pursuing banned commercial investment, according to new government ...
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6 Aug 21
Local authorities in the UK borrowed more than £1bn from the Public Works Loans Board last month, as demand returned to the facility following Covid-19.
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29 Jul 21
The government has raised the prospect of statutory borrowing caps for local authorities to prevent excess risk in capital spending.
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22 Jun 21
Capital spending among Scottish local authorities fell by more than £1bn last year amid Covid-19 disruption, provisional figures show.
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12 May 21
The London Borough Croydon has proposed reprofiling a £69.2m arts centre refurbishment as capital spending, after council subsidiary Brick by Brick was “unable” to fund the project.
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7 May 21
South Lanarkshire Council has approved the transfer of £8m to its capital programme, after receiving additional Covid-19 funding from the Scottish Government.
16 May 22The government is set to restrict new local authority borrowing from the Public Works Loan Board if it believes the council is at risk of not repaying.
12 May 22CIPFA has welcomed government proposals to take greater intervention powers over council finances, saying they could help identify potential problems at an earlier stage.
11 May 22The local government secretary will get new powers to direct asset sales and borrowing levels at councils deemed to be at financial risk, under a clause in this week's Levelling Up Bill.
11 May 22Local authority borrowing from the Public Works Loan Board remains low following four Bank of England interest rates hikes, after councils capitalised on record low finance last year,...
10 May 22Rating agency Moody’s has downgraded Transport for London’s credit rating for the third time since the onset of Covid-19, partly down to ongoing uncertainty over long-term funding.
27 Apr 22Shropshire Council is set to scale back its capital spending plans by more than £100m by 2025-26 amid concerns over debt servicing costs.
20 Apr 22Durham County Council is set to sell a new £50m office which it has not yet occupied, to help reduce costs as the authority moves to more flexible working.
7 Jan 22A waste management authority for seven London boroughs, borrowed £280m from the Public Works Loan Board last month to help fund a new waste-to-energy facility.
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 Nov 21An energy company owned by Warrington Borough Council has delayed complying with an order to pay £12.4m to regulator Ofgem, running the risk of losing its licence to supply energy.
27 Oct 21The joint Spending Review and Autumn Budget pledged real-terms funding increases for each central government department. PF rounds-up where that money is heading.
21 Sep 21Leicestershire County Council has agreed to use its own resources fund an increase of £23m in the funding gap on its capital budget.
3 Sep 21Local government bodies continued to pile into the Public Works Loan Board last month, as authorities take advantage of cheap financing, according to a finance chief.
13 Aug 21Westminster City Council’s management of an over-budget local attraction which has become a national laughing stock has been branded ‘as an exercise in unaccountability’ by the authority's...
12 Aug 21Councils are allowed to use Public Works Loan Board borrowing to restructure existing debt even if they are pursuing banned commercial investment, according to new government ...
22 Jun 21Capital spending among Scottish local authorities fell by more than £1bn last year amid Covid-19 disruption, provisional figures show.
12 May 21The London Borough Croydon has proposed reprofiling a £69.2m arts centre refurbishment as capital spending, after council subsidiary Brick by Brick was “unable” to fund the project.
7 May 21South Lanarkshire Council has approved the transfer of £8m to its capital programme, after receiving additional Covid-19 funding from the Scottish Government.
