Ratings agency Moody’s has downgraded the UK’s credit rating for the third time in eight years, citing factors including a deterioration in the quality of the government’s fiscal decision-making.
The UK is unlikely to see negative interest rates “imminently”, according to David Ramsden, deputy governor for markets and banking at the Bank of England.
The creation of an infrastructure bank to help offset lost European Investment Bank funding will be crucial to economic recovery according to consultancy firm Bidwells.
The Treasury is looking into the potential of an infrastructure bank, to help offset the funding loss from European Investment Bank, according to a report.
The financial system that emerged from separation of debit and credit in the 14th century seems to be nearing the end of its useful life, says David Kauders.
Bank of England chief economist Andy Haldane has suggested negative interest rates could be implemented if further negative shocks are felt in the economy.
The government may need to rethink its fiscal policy strategy to account for economic shocks happening more frequently than previously assumed, according to the Office for Budget Responsibility.
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...
Councils should look into the Municipal Bonds Agency for their borrowing, and the increasing number of authorities doing so shows it has an important role to play, argues law firm Browne Jacobson's...
A London council has raised £80m for its capital investment programme through a private placement, beating the Public Works Loan Board rate despite the turbulent market disrupted by the coronavirus.
Coronavirus could push a number of nations into a recession under a worst case scenario outlined by the Organisation for Economic Co-operation and Development.
Both Labour and the Conservatives are not being honest with the electorate over tax and spend pledges in their manifestos, the Institute for Fiscal Studies has said.
Revoking Brexit would be the best outcome for the UK economy while a no-deal scenario would double government borrowing, a major economic study has found.
Brexit has been named as the reason for the UK facing a possible recession and the expected delay of the government’s annual statement on its fiscal plans.
District councils are juggling a host of financial challenges as they face greater spending commitments at a time when funding is falling and when many of the challenges on the horizon are ‘unknowns’.
Public sector net borrowing in the UK in April was £5.8bn – £0.03bn less than in April 2018. This represents the lowest April borrowing figure since 2007, official statistics have revealed.
The potential of the new Scottish National Investment Bank will be compromised if it is limited to funding only commercial activities, the Scottish Government has been warned.