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.
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.
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.
Reading Borough Council is to its delay planned commercial investment strategy, valued at £180m over the next three years, due to the Covid-19 pandemic.
The impact of Covid-19 on financial markets has further underlined the need for public bodies to carefully consider their treasury management strategies
The UK local authority sector could see a future downgrade to its credit rating if a sustained recession leads to further spending cuts, according to ratings agency Standard and Poor’s.
Plymouth City Council has become the first council to agree an interest rates swap deal since a High Court ruling killed off the practice 30 years ago.
Joint ventures can allow an authority to share in some of the return from the development of their assets. But they need a solid strategic base to succeed
Chancellor Rishi Sunak signalled that plans for the government to get debt back under control will be pushed into the medium term, following this year’s record borrowing.
Chancellor Rishi Sunak has been asked by Parliament’s Treasury Select Committee asked to explain the arrangements put in place to help devolved administrations mitigate issues arising from the...
The upcoming review of the Treasury’s Green Book should limit private sector involvement in business cases to reduce complexity and increase transparency, according to think tank Centre for Cities.
Local-authority-to-local-authority borrowing continues to rise, as short-term borrowing rates dropped to 0% last week, according to local government treasury advisors Arlingclose.
Imposing tax increases too early could “stifle” the UK’s economic recovery from the coronavirus pandemic, a report from the Treasury Select Committee has warned.
Croydon Council has said it cannot guarantee it will not issue a section 114 notice this year, amid reports it is seeking permission to use capital resources to fund services.
Local authorities in the UK are set to experience higher fiscal pressures resulting from the coronavirus pandemic than other leading European nations, according to ratings agency Moody’s.
The UK Treasury has denied reports that it is to drop the recently-implemented digital services tax amid fears it could jeopardise a post-Brexit trade deal.