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Rules on council borrowing to be tightened

Rules on council borrowing to be tightened
manchestereveningnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manchestereveningnews.co.uk Daily Mail and Mail on Sunday newspapers.

United Kingdom , Geraldine Coggins , Julian Newgrosh , Nathan Evans , Green Party , Prudential Code , Liberal Democrat , Liberal Democrats , Coun Newgrosh , Trafford Conservatives , Trafford Labour , ஒன்றுபட்டது கிஂக்டம் , ஜெரால்டின் கொகிகின்ஸ் , நாதன் எவன்ஸ் , பச்சை கட்சி , விவேகமான குறியீடு , தாராளவாத ஜனநாயகவாதி , தாராளவாத ஜனநாயகவாதிகள் , டிராஃபோர்ட் பழமைவாதிகள் , டிராஃபோர்ட் தொழிலாளர் ,

Trafford Council affected by changes to rules on borrowing

Trafford Council affected by changes to rules on borrowing
messengernewspapers.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from messengernewspapers.co.uk Daily Mail and Mail on Sunday newspapers.

United Kingdom , Cllr Julian Newgrosh , Cllr Newgrosh , Cllr Nathan Evans , Cllr Geraldine Coggins , Trafford Council , Green Party , Prudential Code , Julian Newgrosh , Liberal Democrat , Liberal Democrats , Nathan Evans , Trafford Conservatives , Trafford Labour , Geraldine Coggins , ஒன்றுபட்டது கிஂக்டம் , டிராஃபோர்ட் சபை , பச்சை கட்சி , விவேகமான குறியீடு , தாராளவாத ஜனநாயகவாதி , தாராளவாத ஜனநாயகவாதிகள் , நாதன் எவன்ஸ் , டிராஃபோர்ட் பழமைவாதிகள் , டிராஃபோர்ட் தொழிலாளர் , ஜெரால்டின் கொகிகின்ஸ் ,

LocalGov.co.uk - Your authority on UK local government - CIPFA to publish strengthened local government Prudential Code

LocalGov.co.uk - Your authority on UK local government - CIPFA to publish strengthened local government Prudential Code
localgov.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from localgov.co.uk Daily Mail and Mail on Sunday newspapers.

Rob Whiteman , Prudential Code , Liability Benchmark , Treasury Management , கொள்ளை வைட்மேன் , விவேகமான குறியீடு , பொறுப்பு பெஞ்ச்மார்க் , கருவூலம் மேலாண்மை ,

Local authority balance sheets in the spotlight

A recent legal battle over the transparency of Thurrock Council’s £815m debt-leveraged investments in solar power bonds highlights the importance of understanding and managing balance sheet risk in the public sector.
The Bureau of Investigative Journalism has won an appeal against a ruling by the Information Commissioner that Thurrock Council does not have to disclose details about its investments in solar power projects. Thurrock has until 12 April to provide the information requested, although it may not have to answer all of the questions asked if it can provide alternative grounds for non-disclosure under the Freedom of Information Act.
Thurrock Council spent £393m on local services in 2019-20, according to its latest report and accounts published in November 2020, with interest receivable and similar income of £50m (significantly greater than £21m in interest payable and similar charges and a £3m loss on £373m of investments carried at fair v ....

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LocalGov.co.uk - Your authority on UK local government - Proposal for stronger local government Prudential Code

Proposal for stronger local government Prudential Code
Proposals to strengthen the Prudential Code and prevent local authorities from borrowing to generate yield have been put forward by CIPFA.
The move comes following growing concerns that some councils are taking on disproportionate levels of commercial debt to generate yield.
The proposed changes would make it clear that borrowing for debt-for-yield investment is not permissible under the Prudential Code, and ensure that any commercial investment is consistent with statutory provisions.
The changes would also see the introduction of new prudential indicators on affordability and a Liability Benchmark to promote good practice.
Rob Whiteman, CIPFA CEO, said: A minority of councils are currently misinterpreting or not having regard to the current provisions of the Prudential Code. If this trend continues without strengthened provisions, local authorities risk further government intervention into the Prudential ....

Rob Whiteman , Prudential Code , Liability Benchmark , கொள்ளை வைட்மேன் , விவேகமான குறியீடு , பொறுப்பு பெஞ்ச்மார்க் ,