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...
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.
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.
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.
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.
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.
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, ...
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.
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.
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.
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.
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.
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.
In the last financial year the value of loans made by the Public Works Loan Board increased by 42%. The LGiU’s Jennifer Glover explains looks at why that might be.