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16 May 22
A council in south west England will borrow up to £10m to fund “critical” temporary accommodation to house homeless families amid the cost-of-living crisis.
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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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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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8 Mar 22
Slough Borough Council has received minded approval for £307m of financing flexibilities through a capitalisation direction, to help correct accounting issues and balance budgets.
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15 Feb 22
Local authority organisations have warned that changes that would change the way councils account for debt servicing on commercial property borrowing could have a “devastating” impact on...
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11 Feb 22
Local authorities in the UK borrowed just £130m from the Public Works Loan Board in January, as the cost of borrowing leapt following December's Bank of England interest rate rise.
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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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2 Feb 22
The average amount of gross external borrowing by local authorities in England fell in 2020-21, as borrowing restrictions and Covid-19 impacted the sector, according to CIPFA's latest update of its...
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12 Jan 22
Warrington Borough Council has given the green light to on-lend £37.5m to a housing provider, whilst speculation continues over the future of its partly-owned company Together Energy.
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11 Jan 22
Manchester City Council has proposed spending up to £39m to invest in renewable energy, to contribute towards its net zero ambitions.
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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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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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5 Nov 21
Borrowing from the Public Works Loan Board declined sharply in October, as lending rates rose, dulling interest in the facility.
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1 Oct 21
Norfolk County Council is set to use community infrastructure levy income to finance debt repayments on new loans to help meet a £46m gap in its school building programme.
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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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6 Aug 21
The value of Warrington Borough Council’s commercial property portfolio reached £510m last year, despite the financial slowdown relating to Covid-19.
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2 Aug 21
Crisis-hit Slough Borough Council is unlikely to recover £10m of “inappropriately authorised loans” for the removal of cladding at an authority-owned tower block, ...
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17 May 21
Torbay Council proposes borrowing at least £45m to lend to a recently-created housing subsidiary, to help boost the number of affordable homes in the borough.
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25 Feb 21
The local authority peer-to-peer borrowing market grew by 12.5% during 2020, according to government figures.
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25 Feb 21
A High Court judge has thrown-out a legal challenge tabled by eight local authorities against lender Barclays Bank over historic Lender Option Borrower Option loans.
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2 Feb 21
The number of loans taken from the Public Works Loan Board fell in January, with one treasury adviser saying Covid-19 payments from government could have weakened borrowing demand.
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5 Jan 21
Local authorities borrowed £252m from the Public Works Loan Board in December, the highest sum borrowed since April, following November’s one percentage point drop in borrowing rate.
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25 Nov 20
Warrington Borough Council is set to become the second local authority to launch a bond through the Municipal Bonds Agency.
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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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11 Sep 20
Harrow Council has agreed to create a regeneration joint venture worth up to £600m with developer Wates Residential, with plans including a new civic centre, school and up to 1,500 homes.
16 May 22A council in south west England will borrow up to £10m to fund “critical” temporary accommodation to house homeless families amid the cost-of-living crisis.
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.
11 Apr 22The Department for Levelling up Housing and Communities is considering proposals to publish the full value of local authority investments and data on subsidiary companies.
8 Mar 22Slough Borough Council has received minded approval for £307m of financing flexibilities through a capitalisation direction, to help correct accounting issues and balance budgets.
11 Feb 22Local authorities in the UK borrowed just £130m from the Public Works Loan Board in January, as the cost of borrowing leapt following December's Bank of England interest rate rise.
7 Feb 22Warrington 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...
12 Jan 22Warrington Borough Council has given the green light to on-lend £37.5m to a housing provider, whilst speculation continues over the future of its partly-owned company Together Energy.
11 Jan 22Manchester City Council has proposed spending up to £39m to invest in renewable energy, to contribute towards its net zero ambitions.
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.
1 Dec 21Proposed 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.
1 Oct 21Norfolk County Council is set to use community infrastructure levy income to finance debt repayments on new loans to help meet a £46m gap in its school building programme.
2 Aug 21Crisis-hit Slough Borough Council is unlikely to recover £10m of “inappropriately authorised loans” for the removal of cladding at an authority-owned tower block, ...
25 Feb 21The local authority peer-to-peer borrowing market grew by 12.5% during 2020, according to government figures.
25 Feb 21A High Court judge has thrown-out a legal challenge tabled by eight local authorities against lender Barclays Bank over historic Lender Option Borrower Option loans.
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.
11 Sep 20Harrow Council has agreed to create a regeneration joint venture worth up to £600m with developer Wates Residential, with plans including a new civic centre, school and up to 1,500 homes.
