-
14 Oct 21
The London Borough of Bexley has decided not to use £5.1m additional financing flexibilities it was granted by central government this year, due to a “sound” financial position.
-
13 Oct 21
Canterbury City Council is set to borrow up to £4m towards the cost of recladding three authority owned tower blocks, in preparation for new rules introduced following the Grenfell Tower...
-
12 Oct 21
Nottinghamshire County Council will need to borrow a further £70m to deliver capital projects and refinance loans, pushing its total debt close to £600m.
-
6 Oct 21
An over-budget highways project by Liverpool City Council has suffered a double whammy after its developer entered administration and budget estimates soared.
-
28 Sep 21
Slough Borough Council is seeking to extend short-term borrowing from other local authorities, to help ease its financial pressures.
-
27 Sep 21
External 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.
-
24 Sep 21
CIPFA has launched two new consultations on its Prudential Code and Treasury Management Code, focusing on commercial investment and officer training respectively.
-
24 Sep 21
Nottingham City Council members have been warned that the use of reserves to balance its budget this year “is not recommended”, after a forecast £11m gap emerged.
-
23 Sep 21
PF speaks to Michael Hudson, chief finance officer and section 151 officer at Worcestershire County Council, to discusses the treasury management challenges he faces as part of his role.
-
21 Sep 21
Leicestershire County Council has agreed to use its own resources fund an increase of £23m in the funding gap on its capital budget.
-
3 Sep 21
Local government bodies continued to pile into the Public Works Loan Board last month, as authorities take advantage of cheap financing, according to a finance chief.
-
27 Aug 21
Warrington Borough Council has defended an investment loan made to a company owned by a billionaire, saying the finance is secured against assets.
-
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.
-
20 Aug 21
West Lothian Council has agreed to guarantee the financial position of a wholly-owned local leisure operator until the end of April, after Covid-19 impacted on its finances.
-
20 Aug 21
Luton Borough Council has defended its annual capital borrowing limit, which will rise to £1bn over the next four years due to the “devastating impact” of Covid-19.
-
16 Aug 21
An energy company partly owned by Warrington Borough Council reported losses of close to £4m last year, according to data filed with Companies House.
-
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.
-
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 ...
-
11 Aug 21
The value of Spelthorne Borough Council’s commercial portfolio shrank by 5% last year, as Covid-19 hit property prices.
-
10 Aug 21
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...
-
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.
-
6 Aug 21
The value of Warrington Borough Council’s commercial property portfolio reached £510m last year, despite the financial slowdown relating to Covid-19.
-
4 Aug 21
Hertfordshire County Council has been able to claw-back 96% of historical deposits in failed Icelandic banks after final payments were made last year, it has emerged.
-
2 Aug 21
Crisis-hit Slough Borough Council is unlikely to recover £10m of “inappropriately authorised loans” for the removal of cladding at an authority-owned tower block, ...
-
29 Jul 21
The government has raised the prospect of statutory borrowing caps for local authorities to prevent excess risk in capital spending.
14 Oct 21The London Borough of Bexley has decided not to use £5.1m additional financing flexibilities it was granted by central government this year, due to a “sound” financial position.
13 Oct 21Canterbury City Council is set to borrow up to £4m towards the cost of recladding three authority owned tower blocks, in preparation for new rules introduced following the Grenfell Tower...
12 Oct 21Nottinghamshire County Council will need to borrow a further £70m to deliver capital projects and refinance loans, pushing its total debt close to £600m.
6 Oct 21An over-budget highways project by Liverpool City Council has suffered a double whammy after its developer entered administration and budget estimates soared.
28 Sep 21Slough Borough Council is seeking to extend short-term borrowing from other local authorities, to help ease its financial pressures.
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.
24 Sep 21CIPFA has launched two new consultations on its Prudential Code and Treasury Management Code, focusing on commercial investment and officer training respectively.
24 Sep 21Nottingham City Council members have been warned that the use of reserves to balance its budget this year “is not recommended”, after a forecast £11m gap emerged.
23 Sep 21PF speaks to Michael Hudson, chief finance officer and section 151 officer at Worcestershire County Council, to discusses the treasury management challenges he faces as part of his role.
21 Sep 21Leicestershire County Council has agreed to use its own resources fund an increase of £23m in the funding gap on its capital budget.
3 Sep 21Local government bodies continued to pile into the Public Works Loan Board last month, as authorities take advantage of cheap financing, according to a finance chief.
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.
20 Aug 21West Lothian Council has agreed to guarantee the financial position of a wholly-owned local leisure operator until the end of April, after Covid-19 impacted on its finances.
20 Aug 21Luton Borough Council has defended its annual capital borrowing limit, which will rise to £1bn over the next four years due to the “devastating impact” of Covid-19.
16 Aug 21An energy company partly owned by Warrington Borough Council reported losses of close to £4m last year, according to data filed with Companies House.
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 ...
11 Aug 21The value of Spelthorne Borough Council’s commercial portfolio shrank by 5% last year, as Covid-19 hit property prices.
10 Aug 21Government 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...
2 Aug 21Crisis-hit Slough Borough Council is unlikely to recover £10m of “inappropriately authorised loans” for the removal of cladding at an authority-owned tower block, ...
