Minimum revenue provision
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15 Feb 22Local 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... -
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... -
1 Feb 22Crisis-hit Slough Borough Council has asked central govenment for £270m of financing flexibilities to help address historic deficits and reduce debts next year. -
1 Feb 22The government should ban local authorities from borrowing unless they have sufficient plans to make regular repayments of debt and interest, according to the Public Accounts Committee. -
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. -
30 Nov 21The government is proposing new rules that would prevent councils avoiding making provision for debt servicing payments on commercial investments.
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27 Sep 21External auditors for Warrington Borough Council are considering issuing a rare statutory recommendation in coming weeks over the way the authority has accounted for its investment properties.
