In October, Tees Valley Combined Authority became the first authority to agree a loan with the recently-launched UK Infrastructure Bank. PF speaks to Gary MacDonald, group director of finance and...
PF speaks to Duncan Whitfield, strategic director of finance and governance at the London Borough of Southwark about the treasury management challenges he faces as part of his role.
A district council in Somerset, which has spent more than £40m in commercial property outside of its boundaries, has abandoned further investment plans, amid proposed borrowing restrictions in the...
Two-thirds of respondents to a consultation on a strengthening of the Prudential Code support adopting the proposed new wording without amendment, a senior CIPFA figure has revealed.
Capital spending by local authorities dropped by 8% during 2020-21 compared to the previous year as Covid-19 delayed projects and councils veered away from buying property due to changes in...
Proposed amendments to the CIPFA Prudential Code seeking to strengthen restrictions on borrowing for commercial purposes have been dubbed 'relatively clear' by a senior civil servant.
Liverpool City Council has completed the refinancing of £65m of ‘lender option borrower option’ (LOBO) loans with borrowing from the Public Works Loan Board.
London Borough of Bromley scooped the award for excellence in asset management at this year's PF Awards. The authority is on track to deliver debt-free property investments and other rent income...
The London Borough of Croydon still needs to close a predicted £13m budget gap next year, despite hoping to receive £25m of financing flexibilities alongside proposed additional savings.
An operator which runs Luton Airport is set to retain £45m of passenger income that was originally due to be paid to a subsidiary company of Luton Borough Council.
Suffolk County Council has used Public Works Loan Board borrowing to repay £30m of ‘lender option, borrower option’ loans, but expects to deliver real terms savings of £6.4m.
The working balance of general fund reserves at cash-strapped Peterborough City Council is inadequate to deal with the financial risks the authority faces, according to its finance team.
A district council has urged CIPFA to amend proposed changes to the Prudential Code, saying they could force it to sell commercial property it claims is vital to supporting services.
Proposed updates to the CIPFA Prudential Code aimed at restricting borrowing primarily for yield purposes, could lead to ‘unintended consequences’, according to the Local Government Association.
Councils' level of business rates income held in reserve to cover future appeals rose by almost a third last year – representing an increase of almost £1bn.
As interest rates expectations change we observe a wider spread of pricing in the “LA to LA” market. Does this represent an opportunity for borrowers and investors?
Councils failing to meet their legal requirement to properly 'have regard' to revised Prudential and Treasury Management Codes risk provoking further central government intervention in the...
CIPFA is again consulting on changes to the Prudential and Treasury Management Codes with the expectation that revised guidance will be in place by December 2021.
An improving financial position for Wirral Council has led to the authority reducing the level of expected government support this year by £3.5m, according to its finance chief.