The London Borough of Croydon expects to receive the majority of “at-risk” loan interest from its crisis hit housing company Brick by Brick in 2020-21, according to its finance chief.
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.
The Bureau of Investigative Journalism has won the first half of its battle to force Thurrock Council to disclose details of more than £700m of loans from other councils and the investments they went...
CIPFA is consulting on proposed strengthening training for treasury management staff, following the introduction of legislation allowing public bodies to use more complex financial tools.
The recent restrictions imposed on borrowing from the Public Works Loan Board will make budget management in the medium term more challenging, ratings agency Moody’s has said.
Following the pricing of a £250m bond by the London Borough of Sutton, PF speaks to David Whelan, managing director of public sector treasury at Link Group, which advised on the deal.
A London council is set to launch a private placement bond through a digital platform to refinance debt and help fund its capital programme for the next four years.
Levels of reserves for councils in England dropped by £900m in 2019-2020 to £23.7bn, according to outturn figures published by the Ministry for Housing, Communities and Local Government.
Joint ventures can allow an authority to share in some of the return from the development of their assets. But they need a solid strategic base to succeed
Transport for London has borrowed £169m in the last two months from the Public Works Loan Board, as it looks to tackle the financial losses resulting from Covid-19.
Local authorities dived back into Public Works Loan Board borrowing this week after the interest rate on some loans dropped below 2% following the coronavirus outbreak.
The maiden bond launched by the UK Municipal Bonds Agency is the first step in a sector-wide shift away from the Public Works Loan Board, local government finance figures have said.
A £30bn local government pension fund has threatened to halt investment in companies that fail to recognise the financial risks caused by climate change.
The Public Works Loan Board interest rate hike caused “dismay” among councils, according to Sarah Pickup deputy chief executive of the Local Government Association.
Kent County Council will have to wait a further 10 days before it receives its first payment from the stricken Woodford Equity Income Fund, it has been announced.
Treasury management takes a new turn as local authorities knit investment strategy with local growth, social and regeneration ambitions. Karen Day reports.
Peter Hetherington looks at whether county councils have missed a trick in failing to exploit agricultural land that could represent a solid, long-term investment.
Councils could be subject to greater regulation if the sector continues to make controversial commercial property investments, CIPFA’s chief executive has warned.
