Financial woes at the London Borough of Croydon could worsen if it cannot write off more than half of billion pounds of maturing loans, as high interest rates look set to add millions to its costs.
Is the Treasury taking the right approach? Is the government ignoring good sources of revenue? How ready is the public sector for more cuts? We’re collecting our readers’ views.
High inflation is set to push the cost of servicing government debt to twice the Office for Budget Responsibility’s forecast in October, the fiscal watchdog said in its outlook accompanying the...
The UK’s “rapid” economic recovery after lockdowns and the government’s efforts to cut the deficit following the large Covid-19 support schemes have led to rating agency Fitch affirming its judgement...
The government borrowed a record £214bn between April and October – although the figure was £77bn less than projections by the Office for Budget Responsibility.
Public sector net borrowing reached the highest level ever recorded in the first half of the fiscal year as the government tried to deal with the health and economic consequences of Covid-19.
Plymouth City Council’s interest rate swap deal shows councils’ continued appetite for borrowing. David Moore examines the deal and other options available to authorities.
Kirklees Council has agreed to underwrite up to £4m of losses to ensure the medium and long-term future of its leisure services provider Kirklees Active Leisure.
Local authority borrowing continued to rise in June to £3bn, £100m more than in May, and ten times higher than the figure for June 2019, according to figures from the Office for National Statistics.
The Treasury has announced a further round of gilt sales, taking the planned 2020-21 total to £385m – more than double the amount anticipated in March’s Budget.
The government may need to rethink its fiscal policy strategy to account for economic shocks happening more frequently than previously assumed, according to the Office for Budget Responsibility.
Public sector borrowing hit a record £62.1bn in April 2020, during the first full month of Covid-19 lockdown measures, according to the Office for National Statistics.
Amid a wave of government announcements around support packages for the NHS during its fight against the coronavirus outbreak, Public Finance rounds up some of the key financial measures being put in...
Welsh councils should ensure they take “early intervention” to stop more households falling into debt as they look to increase council tax next year, a think-tank has said.
