External auditors for Warrington Borough Council are considering issuing a rare statutory recommendation in coming weeks over the way the authority has accounted for its investment properties.
Nottingham City Council members have been warned that the use of reserves to balance its budget this year “is not recommended”, after a forecast £11m gap emerged.
PF speaks to Michael Hudson, chief finance officer and section 151 officer at Worcestershire County Council, to discusses the treasury management challenges he faces as part of his role.
The Treasury’s inaugural £10bn bond targeting investments in net zero projects, received more than £100bn of bids from the market, according to reports.
Durham County Council has approved plans to fund the expansion of a local science and technology centre, which will be funded through its own resources.
Local government bodies continued to pile into the Public Works Loan Board last month, as authorities take advantage of cheap financing, according to a finance chief.
Mansfield District Council is set to sell a hotel it owns in Edinburgh, after the Covid-19 lockdown led to the operator saying the site was ‘unsustainable’.
The London Borough of Barking and Dagenham used Public Works Loan Board funding to increase its housing stock, with help from an authority-owned company.
Luton Borough Council has defended its annual capital borrowing limit, which will rise to £1bn over the next four years due to the “devastating impact” of Covid-19.
Councils are allowed to use Public Works Loan Board borrowing to restructure existing debt even if they are pursuing banned commercial investment, according to new government ...
The government should ensure the same opportunities for UK pension funds to invest in British initiatives as it does for international investors, a Local Government Pension Scheme pool chief investor...
Government proposals to limit commercial investment by local authorities, including the potential re-introduction of borrowing caps, are credit positive for the sector, according to ratings...
Local authorities in the UK borrowed more than £1bn from the Public Works Loans Board last month, as demand returned to the facility following Covid-19.