PF speaks to Duncan Whitfield, strategic director of finance and governance at the London Borough of Southwark about the treasury management challenges he faces as part of his role.
A district council in Somerset, which has spent more than £40m in commercial property outside of its boundaries, has abandoned further investment plans, amid proposed borrowing restrictions in the...
Proposed amendments to the CIPFA Prudential Code seeking to strengthen restrictions on borrowing for commercial purposes have been dubbed 'relatively clear' by a senior civil servant.
Suffolk County Council has used Public Works Loan Board borrowing to repay £30m of ‘lender option, borrower option’ loans, but expects to deliver real terms savings of £6.4m.
A district council has urged CIPFA to amend proposed changes to the Prudential Code, saying they could force it to sell commercial property it claims is vital to supporting services.
Proposed updates to the CIPFA Prudential Code aimed at restricting borrowing primarily for yield purposes, could lead to ‘unintended consequences’, according to the Local Government Association.
A government-appointed improvement board has voiced worries about the Nottingham City Council's timetable for adopting a medium term financial strategy, which is seen as key to delivering financial...
The government is set to appoint commissioners to take over governance and financial scrutiny at Slough Borough Council following two critical independent reviews.
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.
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...
Nottinghamshire County Council will need to borrow a further £70m to deliver capital projects and refinance loans, pushing its total debt close to £600m.
An over-budget highways project by Liverpool City Council has suffered a double whammy after its developer entered administration and budget estimates soared.
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.
CIPFA has launched two new consultations on its Prudential Code and Treasury Management Code, focusing on commercial investment and officer training respectively.
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.
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.
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.
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.
