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16 May 22
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.
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11 May 22
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,...
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3 May 22
Warrington Borough Council's credit rating has been cut due to its high debt and reliance on commercial income, according to ratings agency Moody’s.
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15 Feb 22
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.
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11 Feb 22
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.
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2 Feb 22
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...
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7 Jan 22
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.
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24 Aug 21
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.
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13 Aug 21
Short-term lending between local authorities dropped by more than 10% in the first quarter of this year, according to government figures.
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12 Aug 21
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 ...
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6 Aug 21
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.
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17 Jun 21
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.
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11 Jun 21
A district council is planning to invest £56m in commercial property outside its boundaries this year, funded through borrowing from other local authorities.
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1 Apr 21
Local authorities in England borrowed £856m from the Public Works Loan Board last month, as councils refocus on capital projects following a lull due to Covid-19.
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16 Feb 21
Woking Borough Council will borrow an additional £130m to cover increased costs resulting from Covid-19 and Brexit on a flagship mixed-use regeneration project.
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2 Feb 21
The number of loans taken from the Public Works Loan Board fell in January, with one treasury adviser saying Covid-19 payments from government could have weakened borrowing demand.
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1 Feb 21
CIPFA has launched a consultation on proposed changes to the Prudential Code in order to strengthen provisions restricting borrowing for yield.
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19 Nov 20
The amount of money owed by local authorities to the Public Works Loan Board fell for the first time in almost four years during the second quarter of 2020-21.
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9 Nov 20
Transport for London will rely on future government support until 2023, after agreeing two bailouts this year, according to ratings agency Moody’s.
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27 Oct 20
Worthing Borough Council is set to approve a housing scheme joint venture with housing association Vivid, which would see the council invest £12.5m.
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16 Jul 20
Councils borrowed £875m for housing projects in March from the Public Works Loan Board after the introduction of a special rate for housing revenue account projects in the Budget.
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13 May 20
With significant and unexpected swings in cashflow, a reduction in loan margins would make all the difference for councils, argues local authority treasury adviser Arlingclose's strategic director...
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13 Mar 20
The Treasury has written to local authority finance officers to confirm a new discount rate for borrowing for housing spending from the Public Works Loan Board.
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11 Mar 20
CIPFA’s chief executive warns that government proposals to restrict council investment in commercial property could signal a more prescriptive approach.
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11 Mar 20
The government has announced plans to cut the Public Works Loan Board interest rate - but only after it has introduced measures to ban councils borrowing to invest in commercial property.
16 May 22The 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.
11 May 22Local 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,...
3 May 22Warrington Borough Council's credit rating has been cut due to its high debt and reliance on commercial income, according to ratings agency Moody’s.
15 Feb 22An 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.
7 Jan 22A 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.
24 Aug 21The London Borough of Barking and Dagenham used Public Works Loan Board funding to increase its housing stock, with help from an authority-owned company.
13 Aug 21Short-term lending between local authorities dropped by more than 10% in the first quarter of this year, according to government figures.
12 Aug 21Councils 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 ...
6 Aug 21Local 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.
11 Jun 21A district council is planning to invest £56m in commercial property outside its boundaries this year, funded through borrowing from other local authorities.
16 Feb 21Woking Borough Council will borrow an additional £130m to cover increased costs resulting from Covid-19 and Brexit on a flagship mixed-use regeneration project.
1 Feb 21CIPFA has launched a consultation on proposed changes to the Prudential Code in order to strengthen provisions restricting borrowing for yield.
19 Nov 20The amount of money owed by local authorities to the Public Works Loan Board fell for the first time in almost four years during the second quarter of 2020-21.
9 Nov 20Transport for London will rely on future government support until 2023, after agreeing two bailouts this year, according to ratings agency Moody’s.
27 Oct 20Worthing Borough Council is set to approve a housing scheme joint venture with housing association Vivid, which would see the council invest £12.5m.
16 Jul 20Councils borrowed £875m for housing projects in March from the Public Works Loan Board after the introduction of a special rate for housing revenue account projects in the Budget.
13 May 20With significant and unexpected swings in cashflow, a reduction in loan margins would make all the difference for councils, argues local authority treasury adviser Arlingclose's strategic director...
11 Mar 20CIPFA’s chief executive warns that government proposals to restrict council investment in commercial property could signal a more prescriptive approach.
11 Mar 20The government has announced plans to cut the Public Works Loan Board interest rate - but only after it has introduced measures to ban councils borrowing to invest in commercial property.
