Rising borrowing costs and inflation have led Spelthorne Borough Council to consider shelving its planned housing investments and seeking out an alternative way to deliver them.
Woking was lent millions of pounds of public money just two days before the government published a damning review into its finances and sent in commissioners, leading to accusations of a “lack of any...
High construction costs and concern over the impact of interest rate rises mean Enfield Council will review how it delivers a 10,000-home development project, and the authority has already pressed...
Millions returned to councils from a waste-to-energy plant prove a publicly owned facility is “far preferable” to paying for a private business to run the site, one of the councils has said.
Slough Borough Council will need to sell £100m of property in the next nine months if it is to repay much of its short-term debt without its interest rates effectively quadrupling.
External auditors for Spelthorne Borough Council have issued a rare public interest report amid concerns the authority’s historical commercial investment breached local government regulations.
Financial market instability caused by the government’s mini-budget has pushed Public Works Loan Board borrowing rates up to their highest point in a decade, piling more pressure on council finances.
Crisis-hit Thurrock Council has been given permission by the government to borrow almost £840m from the Public Works Loan Board to repay finance from other local authorities.
Brighton and Hove City Council will perform six-monthly “cash sweeps” of the company running a local landmark, in order to repay the millions the authority lent it to help get the attraction running.
The government is set to restrict new local authority borrowing from the Public Works Loan Board if it believes the council is at risk of not repaying.
Local authority borrowing from the Public Works Loan Board remains low following four Bank of England interest rates hikes, after councils capitalised on record low finance last year,...
An Essex council is set to borrow up to £100m to lend to local businesses that cannot access mainstream lending for projects supporting regeneration within the borough.
Local authorities in the UK borrowed just £130m from the Public Works Loan Board in January, as the cost of borrowing leapt following December's Bank of England interest rate rise.
The average amount of gross external borrowing by local authorities in England fell in 2020-21, as borrowing restrictions and Covid-19 impacted the sector, according to CIPFA's latest update of its...
A waste management authority for seven London boroughs, borrowed £280m from the Public Works Loan Board last month to help fund a new waste-to-energy facility.
The London Borough of Barking and Dagenham used Public Works Loan Board funding to increase its housing stock, with help from an authority-owned company.
Councils are allowed to use Public Works Loan Board borrowing to restructure existing debt even if they are pursuing banned commercial investment, according to new government ...
Local authorities in the UK borrowed more than £1bn from the Public Works Loans Board last month, as demand returned to the facility following Covid-19.
The coronavirus pandemic and tighter government lending rules led to a 41% real-terms contraction in councils' payments for land and buildings last year, according to provisional outturn figures.
