Warrington Borough Council is to face an investigation after figures revealed it is £1.8bn in debt – five and a half times its total service expenditure – but the authority insists its commercial...
Below-inflation funding and “consistently high” spending pressures have weakened the financial flexibility of councils and contributed to the credit rating downgrade of five authorities by Moody’s.
Warrington Borough Council is set to discuss its borrowing and capital investment strategies with CIPFA, in an attempt to show how its approach, previously flagged as a concern by the government, “is...
Warrington Borough Council is expected to receive all its investment back from its stake in failed energy firm Together Energy, which went bust in January, according to its administrators.
Warrington Borough Council has done a U-turn on its treasury management strategy policy of avoiding minimum revenue repayments on its commercial investment properties, a move that will cost it...
Warrington Borough Council has given the green light to on-lend £37.5m to a housing provider, whilst speculation continues over the future of its partly-owned company Together Energy.
An energy company owned by Warrington Borough Council has delayed complying with an order to pay £12.4m to regulator Ofgem, running the risk of losing its licence to supply energy.
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.
The UK Municipal Bonds Agency has withdrawn a planned bond issuance with Warrington Borough Council after chancellor Rishi Sunak changed the terms of borrowing from the Public Works Loan Board.
Warrington Borough Council is to consider plans for a ‘community municipal bond’ investment to help meet its climate targets, after West Berkshire approved a similar scheme earlier this month.
Seven councils and two local enterprise partnerships have formed a new development zone intended to boost development around the route of the proposed High Speed 2 rail line.
