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20 Dec 21
CIPFA chief executive Rob Whiteman discusses the major changes to the Prudential Code and Treasury Management Code, which have been published today.
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20 Dec 21
The final version of CIPFA’s Prudential Code has been adopted after a consultation taking the best part of a year.
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9 Dec 21
A district council in Somerset, which has spent more than £40m in commercial property outside of its boundaries, has abandoned further investment plans, amid proposed borrowing restrictions in the...
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3 Dec 21
Two-thirds of respondents to a consultation on a strengthening of the Prudential Code support adopting the proposed new wording without amendment, a senior CIPFA figure has revealed.
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1 Dec 21
Proposed amendments to the CIPFA Prudential Code seeking to strengthen restrictions on borrowing for commercial purposes have been dubbed 'relatively clear' by a senior civil servant.
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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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19 Nov 21
A district council has urged CIPFA to amend proposed changes to the Prudential Code, saying they could force it to sell commercial property it claims is vital to supporting services.
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18 Nov 21
Proposed updates to the CIPFA Prudential Code aimed at restricting borrowing primarily for yield purposes, could lead to ‘unintended consequences’, according to the Local Government Association.
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15 Nov 21
Councils failing to meet their legal requirement to properly 'have regard' to revised Prudential and Treasury Management Codes risk provoking further central government intervention in the...
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5 Nov 21
CIPFA has announced its intention for a ‘soft launch’ of its forthcoming revised Prudential and Treasury Management Codes, with full implementation set to be expected for 2023-24 strategies.
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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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19 Jul 21
Councils should be legally required to comply with CIPFA's Prudential Code to help curb risky investments, according to MPs.
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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
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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1 Feb 21
Richard Lloyd-Bithell, senior technical manager at CIPFA, runs through the new proposals for the Prudential Code in response to increased local authority investment in commercial property.
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1 Feb 21
CIPFA has launched a consultation on proposed changes to the Prudential Code in order to strengthen provisions restricting borrowing for yield.
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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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12 May 20
A small number of councils buying commercial property purely to make money should not result in a complete overhaul of CIPFA’s guidelines on investment, chief executive Rob Whiteman has told MPs.