-
23 Nov 20
The financial performance of London Borough of Croydon’s commercial companies and other ventures have consistently missed forecasts outlined in their business plans, according to a review.
-
20 Nov 20
London Borough of Bexley last week announced it is in discussions with Whitehall officials over an application to use capital borrowing to fund services. Council leader Teresa O'Neill and director of...
-
20 Nov 20
The government borrowed a record £214bn between April and October – although the figure was £77bn less than projections by the Office for Budget Responsibility.
-
19 Nov 20
The amount of money owed by local authorities to the Public Works Loan Board fell for the first time in almost four years during the second quarter of 2020-21.
-
19 Nov 20
An Essex council says it has been forced to change its borrowing strategy because other councils are unwilling to lend to it after negative press coverage over its investments.
-
13 Nov 20
Ealing Council has approved plans to borrow more than £390m over 50 years to on-lend to its housing company to build more than 1,300 affordable homes over the next six years.
-
11 Nov 20
An investment strategy agreed by Cotswold District Council to borrow more than four times its annual budget has been labelled deeply concerning by its opposition leader.
-
10 Nov 20
Chancellor Rishi Sunak has announced the UK is set to issue its first sovereign green bond next year, in a bid to help meet the government’s 2050 carbon net zero target.
-
9 Nov 20
Capital receipts for councils in England dropped by more than 30% last year to £2.8bn, the lowest level in the last five years, according to government statistics.
-
6 Nov 20
Local Government Pension Scheme funds in England and Wales reported a negative cashflow position again last year, as schemes paid out £900m more in benefits than they received, according to...
-
4 Nov 20
Thurrock Council has taken out a £125m loan with a maturity of just two years from the Public Works Loan Board.
-
3 Nov 20
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.
-
3 Nov 20
A bond totalling £250m, set to be issued by a London council has been priced at 1.7% – below the rate available from the Public Works Loan Board.
-
2 Nov 20
Transport for London has agreed a second bailout with the government worth up to £1.8bn, to help keep services running through Covid-19.
-
30 Oct 20
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.
-
30 Oct 20
London Borough of Newham is to loan a further £4m to its own development company, after a leisure centre operator pulled out of a development project due to Covid-19.
-
28 Oct 20
Councillors at Spelthorne Borough Council have voted to give themselves more control over the authority’s property investment decisions.
-
26 Oct 20
London Borough of Croydon has been accused of "corporate blindness” over its financial position in a rare public interest report compiled by audit firm Grant Thornton.
-
26 Oct 20
The UK’s credit rating could be upgraded if a post-Brexit trade deal is agreed with the European Union, according to ratings agency Standard and Poor’s.
-
23 Oct 20
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.
-
22 Oct 20
Plymouth City Council’s recent interest rate swap transaction bears little resemblance to the deals that gained notoriety in the late 1980s, says an adviser whose firm worked on the deal.
-
20 Oct 20
Lancashire County Council has confirmed it plans to issue its third bond through the UK Municipal Bonds Agency.
-
19 Oct 20
CIPFA chief executive Rob Whiteman has claimed that Plymouth City Council acted outside its legal powers by agreeing an interest rates swap deal.
-
18 Oct 20
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.
-
16 Oct 20
Plymouth City Council’s interest rate swap deal shows councils’ continued appetite for borrowing. David Moore examines the deal and other options available to authorities.
23 Nov 20The financial performance of London Borough of Croydon’s commercial companies and other ventures have consistently missed forecasts outlined in their business plans, according to a review.
20 Nov 20London Borough of Bexley last week announced it is in discussions with Whitehall officials over an application to use capital borrowing to fund services. Council leader Teresa O'Neill and director of...
20 Nov 20The government borrowed a record £214bn between April and October – although the figure was £77bn less than projections by the Office for Budget Responsibility.
19 Nov 20The amount of money owed by local authorities to the Public Works Loan Board fell for the first time in almost four years during the second quarter of 2020-21.
19 Nov 20An Essex council says it has been forced to change its borrowing strategy because other councils are unwilling to lend to it after negative press coverage over its investments.
13 Nov 20Ealing Council has approved plans to borrow more than £390m over 50 years to on-lend to its housing company to build more than 1,300 affordable homes over the next six years.
11 Nov 20An investment strategy agreed by Cotswold District Council to borrow more than four times its annual budget has been labelled deeply concerning by its opposition leader.
10 Nov 20Chancellor Rishi Sunak has announced the UK is set to issue its first sovereign green bond next year, in a bid to help meet the government’s 2050 carbon net zero target.
6 Nov 20Local Government Pension Scheme funds in England and Wales reported a negative cashflow position again last year, as schemes paid out £900m more in benefits than they received, according to...
3 Nov 20Following 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.
2 Nov 20Transport for London has agreed a second bailout with the government worth up to £1.8bn, to help keep services running through Covid-19.
30 Oct 20A 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.
30 Oct 20London Borough of Newham is to loan a further £4m to its own development company, after a leisure centre operator pulled out of a development project due to Covid-19.
28 Oct 20Councillors at Spelthorne Borough Council have voted to give themselves more control over the authority’s property investment decisions.
26 Oct 20The UK’s credit rating could be upgraded if a post-Brexit trade deal is agreed with the European Union, according to ratings agency Standard and Poor’s.
22 Oct 20Plymouth City Council’s recent interest rate swap transaction bears little resemblance to the deals that gained notoriety in the late 1980s, says an adviser whose firm worked on the deal.
19 Oct 20CIPFA chief executive Rob Whiteman has claimed that Plymouth City Council acted outside its legal powers by agreeing an interest rates swap deal.
18 Oct 20Ratings 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.
19 Oct 20 to 22 Oct 20
19 Oct 20 to 22 Oct 20
