The Treasury has written to local authority finance officers to confirm a new discount rate for borrowing for housing spending from the Public Works Loan Board.
CIPFA’s chief executive warns that government proposals to restrict council investment in commercial property could signal a more prescriptive approach.
The government has announced plans to cut the Public Works Loan Board interest rate - but only after it has introduced measures to ban councils borrowing to invest in commercial property.
The “high quality” of the local government sector made the Municipal Bonds Agency’s first bond issuance possible despite turbulent financial markets, the agency’s chairman has told PF.
The funding gap for local councils is estimated to be £1.4bn lower than previously forecast, according to research from the Local Government Association.
The chair of the National Infrastructure Commission has voiced his disappointment over a delay to the publication of the government's £100bn National Infrastructure Strategy.
Public sector contractor and outsourcer Capita has revealed problems with its restructuring, reporting a £62m loss during 2019 and a 4% reduction in revenue.
The Municipal Bonds Agency today issued its inaugural bond at a rate of just over 1% - significantly beating the cost of borrowing from the Public Works Loan Board.
Tenants have received discounts of almost £5bn to help purchase council house properties since the raising of right to buy discounts in 2012, according to the Local Government Association.
The Royal College of Paediatric and Children’s Health has called for the reversal of £1bn of real term cuts to the public health grant for local authorities.
Low funding and dwindling reserves mean a local authority in Derbyshire risks considering an unbalanced budget by 2021-22, councillors have been warned.
Chancellor Rishi Sunak needs to increase funding for local government in his forthcoming Budget if the government is serious about it's aim of 'levelling-up' the UK economy, says Paul Dossett.
The Scottish budget has passed its first parliamentary hurdle after the government struck a deal which saw extra funding secured for local authorities, policing and low carbon projects.
The prime minister has announced an extra £236m of funding as official figures show rough sleeping in England has fallen by 9% in a year but remains 141% higher than a decade ago.
