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Mark Finnegan interview: borrowing strategies, devolution and the future of treasury functions

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On 6 February, the Bank of England cut interest rates from 4.75% to 4.5% – the lowest base rate since June 2023. While that cut on its own is not likely to drastically shift local authorities’ borrowing strategies, it does mark an interesting direction of travel.

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How quickly borrowing strategies might shift could depend on an authority’s internal borrowing situation, thinks Mark Finnegan, lead treasury accountant at West Midlands Combined

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)