Two-thirds of respondents to a consultation on a strengthening of the Prudential Code support adopting the proposed new wording without amendment, a senior CIPFA figure has revealed.
CIPFA has announced its intention for a ‘soft launch’ of its forthcoming revised Prudential and Treasury Management Codes, with full implementation set to be expected for 2023-24 strategies.
The Prudential Code, which guides local authorities’ capital borrowing, is no longer fit for purpose in Scotland’s changed economic and fiscal climate and should be replaced by a shared system of...
Councils are using low interest rates to become some of the country’s largest property investors as they aim to boost commercial revenue to offset government cuts, a New Local Government...
Debt servicing costs are increasing across local government, and now account for at least 9.9% of revenue expenditure in a quarter of single-tier and county councils, according to the National Audit...
