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Durham delays long-term borrowing on £350m debt amid high interest rates

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Durham County Council plans to borrow £350m over the next two years but will defer taking out long-term loans until interest rates become more favourable.

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The council says the borrowing is required to meet its existing capital programme commitments. However, due to “concerns” that the Bank of England’s base

Interest rate risk management is vital to determining borrowing and investment strategy and outcomes. From visual aids to top tips, Jackie Shute, head of local authority strategy at Public Sector Live Ltd, offers an overview of best practice.

(Jackie Schute)