Senior consultant at CIPFA Mark Williams clears up what the Prudential Code for Capital Finance in Local Authorities means for councils, and why the institute updated the framework last year.
A district council will now aim to keep its commercial property for the long term following changes to CIPFA’s Prudential Code, having previously planned to sell it and use the money to fund new...
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.
Councils failing to meet their legal requirement to properly 'have regard' to revised Prudential and Treasury Management Codes risk provoking further central government intervention in the...
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.
Government proposals to limit commercial investment by local authorities, including the potential re-introduction of borrowing caps, are credit positive for the sector, according to ratings...
Cash-strapped councils increasingly borrowing to invest in commercial properties risk local services - which are often for vulnerable people - being at the mercy of the property market, says CIPFA...
CIPFA is to work on fresh guidance over concerns councils in England are putting public funds at “unnecessary or unquantified risk” when borrowing to invest in commercial property.
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...
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...
