Plymouth City Council’s recent interest rate swap transaction bears little resemblance to the deals that gained notoriety in the late 1980s, says an adviser whose firm worked on the deal.
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.
Plymouth City Council has become the first council to agree an interest rates swap deal since a High Court ruling killed off the practice 30 years ago.
