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19 May 22
The government is seeking assurances that a borough council in the south of England can manage its high debt levels without the need for intervention.
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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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3 May 22
Warrington Borough Council's credit rating has been cut due to its high debt and reliance on commercial income, according to ratings agency Moody’s.
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4 Apr 22
Warrington Borough Council is expected to receive all its investment back from its stake in failed energy firm Together Energy, which went bust in January, according to its administrators.
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7 Feb 22
Warrington Borough Council has done a U-turn on its treasury management strategy policy of avoiding minimum revenue repayments on its commercial investment properties, a move that will cost it...
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20 Jan 22
The value of two retail investments made by Surrey County Council in 2017 has plummeted by tens of millions of pounds – to less than half of the original purchase price – due to Covid-19.
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19 Jan 22
Spelthorne District Council has voted not to reimpose a moratorium on high-rise housing development that delayed its own affordable housing programme, costing it more than £1m.
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18 Jan 22
An energy company in which Warrington Borough Council invested £52m has gone bust.
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17 Jan 22
Warrington Borough Council is to write down the value of a stake in a business bank it bought in 2017 by millions of pounds.
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6 Jan 22
Luton Borough Council is set to establish a new body to provide oversight and advice on the authority’s commercial companies and joint ventures.
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6 Jan 22
Together Energy, a company partly owned by Warrington Borough Council, could run out of funding by the end of this month, it has emerged.
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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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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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12 Nov 21
Thurrock Council is forecasting a £4m overspend in its medium-term budget, even though it plans to cut up to 25% of its workforce.
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11 Oct 21
The trading position of an energy company partly owned by Warrington Borough Council is deteriorating amid soaring energy prices.
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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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10 Sep 21
Swindon Borough Council has scrapped plans to acquire a local retail park, after it was advised the purchase would be “risky”.
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9 Sep 21
A government policy paper proposing limits on some UK local authorities’ borrowing has received a mixed reception from voices within the sector.
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2 Sep 21
Mansfield District Council is set to sell a hotel it owns in Edinburgh, after the Covid-19 lockdown led to the operator saying the site was ‘unsustainable’.
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31 Aug 21
Coventry City Council is set to create a shareholder committee to manage commercial investments, in a bid to avoid financial difficulties experienced by some authorities.
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27 Aug 21
Warrington Borough Council has defended an investment loan made to a company owned by a billionaire, saying the finance is secured against assets.
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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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11 Aug 21
The value of Spelthorne Borough Council’s commercial portfolio shrank by 5% last year, as Covid-19 hit property prices.
19 May 22The government is seeking assurances that a borough council in the south of England can manage its high debt levels without the need for intervention.
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.
3 May 22Warrington Borough Council's credit rating has been cut due to its high debt and reliance on commercial income, according to ratings agency Moody’s.
4 Apr 22Warrington Borough Council is expected to receive all its investment back from its stake in failed energy firm Together Energy, which went bust in January, according to its administrators.
20 Jan 22The value of two retail investments made by Surrey County Council in 2017 has plummeted by tens of millions of pounds – to less than half of the original purchase price – due to Covid-19.
19 Jan 22Spelthorne District Council has voted not to reimpose a moratorium on high-rise housing development that delayed its own affordable housing programme, costing it more than £1m.
6 Jan 22Luton Borough Council is set to establish a new body to provide oversight and advice on the authority’s commercial companies and joint ventures.
9 Dec 21A 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...
19 Nov 21A 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.
12 Nov 21Thurrock Council is forecasting a £4m overspend in its medium-term budget, even though it plans to cut up to 25% of its workforce.
10 Sep 21Swindon Borough Council has scrapped plans to acquire a local retail park, after it was advised the purchase would be “risky”.
9 Sep 21A government policy paper proposing limits on some UK local authorities’ borrowing has received a mixed reception from voices within the sector.
2 Sep 21Mansfield District Council is set to sell a hotel it owns in Edinburgh, after the Covid-19 lockdown led to the operator saying the site was ‘unsustainable’.
31 Aug 21Coventry City Council is set to create a shareholder committee to manage commercial investments, in a bid to avoid financial difficulties experienced by some authorities.
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 ...
11 Aug 21The value of Spelthorne Borough Council’s commercial portfolio shrank by 5% last year, as Covid-19 hit property prices.
