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6 Apr 21
The London Borough of Croydon’s housing company Brick by Brick recorded losses in excess of £800,000 in 2019-20.
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1 Apr 21
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.
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31 Mar 21
The London Borough of Croydon has withdrawn its section 114 notice, following the government’s decision to grant support allowing the authority to balance its 2020-21 budget.
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29 Mar 21
Northampton Borough Council has demanded that the wife of former Northampton Town FC co-chairman David Cardoza repays £418,000 to the council or sell her property.
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18 Mar 21
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...
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16 Mar 21
The Bank of England is looking at “new tools” to guide the UK economy out of the crisis caused by Covid-19, according to governor Andrew Bailey.
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12 Mar 21
Nottingham City Council has accepted the terms of a capitalisation direction allowing it use £35m to spread deficits from its now defunct energy company and implement planned transformation projects.
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11 Mar 21
A capitalisation direction to be considered by Nottingham City Council on Friday will be used to spread losses from its failed energy company which left a £38m hole in council finances.
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8 Mar 21
Tightened wording aims to further restrict councils’ ability to borrow money for commercial property investments aimed at raising revenue.
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3 Mar 21
Budget measures imply the government will have borrowed an ‘unprecedented’ £570bn over this financial year and next, according to the Office for Budget Responsibility.
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26 Feb 21
Leeds City Council has approved its budget for 2021-22, which will usher in £87.5m worth of budget reductions alongside redundancies and a 4.99% rise in council tax.
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25 Feb 21
The local authority peer-to-peer borrowing market grew by 12.5% during 2020, according to government figures.
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23 Feb 21
Torbay Council has become the latest authority to shelve its planned commercial investment following PWLB rules changes – scrapping £68m of its planned programme.
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23 Feb 21
Moving into negative interest rate territory might be less significant than it sounds, but still provides investors with food for thought
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19 Feb 21
The value of two retail investment properties purchased by North Somerset Council has dropped by more than £26m in the three years since they were purchased due to Covid-19.
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16 Feb 21
Woking Borough Council will borrow an additional £130m to cover increased costs resulting from Covid-19 and Brexit on a flagship mixed-use regeneration project.
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11 Feb 21
Three more authorities have been granted capitalisation directions, joining Eastbourne Borough Council.
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11 Feb 21
Leicestershire County Council says it could raise £18m of revenue each year to fund services after agreeing an £89m expansion of its commercial property portfolio.
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4 Feb 21
West Berkshire Council is to shelve the uncompleted third of its £100m commercial investment plan following the introduction of new restrictions on borrowing from the Public Works Loan Board.
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2 Feb 21
The number of loans taken from the Public Works Loan Board fell in January, with one treasury adviser saying Covid-19 payments from government could have weakened borrowing demand.
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2 Feb 21
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.
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1 Feb 21
Richard Lloyd-Bithell, senior technical manager at CIPFA, runs through the new proposals for the Prudential Code in response to increased local authority investment in commercial property.
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1 Feb 21
CIPFA has launched a consultation on proposed changes to the Prudential Code in order to strengthen provisions restricting borrowing for yield.
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21 Jan 21
At the end of 2021, LIBOR, the most popular sterling benchmark rate, will be phased out. What do public sector treasurers need to know about the transition to its recommended replacement, SONIA?
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5 Jan 21
Local authorities borrowed £252m from the Public Works Loan Board in December, the highest sum borrowed since April, following November’s one percentage point drop in borrowing rate.
6 Apr 21The London Borough of Croydon’s housing company Brick by Brick recorded losses in excess of £800,000 in 2019-20.
1 Apr 21Local 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.
31 Mar 21The London Borough of Croydon has withdrawn its section 114 notice, following the government’s decision to grant support allowing the authority to balance its 2020-21 budget.
29 Mar 21Northampton Borough Council has demanded that the wife of former Northampton Town FC co-chairman David Cardoza repays £418,000 to the council or sell her property.
18 Mar 21The 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...
16 Mar 21The Bank of England is looking at “new tools” to guide the UK economy out of the crisis caused by Covid-19, according to governor Andrew Bailey.
12 Mar 21Nottingham City Council has accepted the terms of a capitalisation direction allowing it use £35m to spread deficits from its now defunct energy company and implement planned transformation projects.
11 Mar 21A capitalisation direction to be considered by Nottingham City Council on Friday will be used to spread losses from its failed energy company which left a £38m hole in council finances.
8 Mar 21Tightened wording aims to further restrict councils’ ability to borrow money for commercial property investments aimed at raising revenue.
3 Mar 21Budget measures imply the government will have borrowed an ‘unprecedented’ £570bn over this financial year and next, according to the Office for Budget Responsibility.
26 Feb 21Leeds City Council has approved its budget for 2021-22, which will usher in £87.5m worth of budget reductions alongside redundancies and a 4.99% rise in council tax.
25 Feb 21The local authority peer-to-peer borrowing market grew by 12.5% during 2020, according to government figures.
23 Feb 21Torbay Council has become the latest authority to shelve its planned commercial investment following PWLB rules changes – scrapping £68m of its planned programme.
23 Feb 21Moving into negative interest rate territory might be less significant than it sounds, but still provides investors with food for thought
19 Feb 21The value of two retail investment properties purchased by North Somerset Council has dropped by more than £26m in the three years since they were purchased due to Covid-19.
16 Feb 21Woking Borough Council will borrow an additional £130m to cover increased costs resulting from Covid-19 and Brexit on a flagship mixed-use regeneration project.
11 Feb 21Three more authorities have been granted capitalisation directions, joining Eastbourne Borough Council.
11 Feb 21Leicestershire County Council says it could raise £18m of revenue each year to fund services after agreeing an £89m expansion of its commercial property portfolio.
4 Feb 21West Berkshire Council is to shelve the uncompleted third of its £100m commercial investment plan following the introduction of new restrictions on borrowing from the Public Works Loan Board.
2 Feb 21CIPFA is consulting on proposed strengthening training for treasury management staff, following the introduction of legislation allowing public bodies to use more complex financial tools.
1 Feb 21Richard Lloyd-Bithell, senior technical manager at CIPFA, runs through the new proposals for the Prudential Code in response to increased local authority investment in commercial property.
1 Feb 21CIPFA has launched a consultation on proposed changes to the Prudential Code in order to strengthen provisions restricting borrowing for yield.
21 Jan 21At the end of 2021, LIBOR, the most popular sterling benchmark rate, will be phased out. What do public sector treasurers need to know about the transition to its recommended replacement, SONIA?
28 Sep 21
7 Jul 21 to 8 Jul 21
