‘Naughty lists’ in council lending market risk breaking the system

The inter-authority lending market risks becoming a two-tier system, with many councils placed on “naughty lists” despite having minimal credit risk, treasury professionals have warned.

Please subscribe or upgrade your membership. To continue reading this article please sign in below or subscribe to our site.

Citing Animal Farm by George Orwell, Danny Mather, head of corporate finance at Warrington Borough Council, described the local authority borrowing market as one where “some

‘Naughty lists’ in council lending market risk breaking the system

More from Aysha Gilmore

Rise of senior LGPS officer: what it means for your fund

Thurrock to refinance £215m in low-rate PWLB loans

Could LGR trigger the great district spending spree?

Reports

LGPS North

‘Golden opportunity' in Spending Review must be taken

Rise of senior LGPS officer: what it means for your fund

Westminster borrows £235m for temporary accommodation

The government’s push to merge pools lacks transparency

A central/local tension is the cause of the financial crisis

More from Treasury

Westminster borrows £235m for temporary accommodation

David Janes: the treasury team after reorganisation

Merton expects temporary accommodation cost savings

How Oxfordshire is navigating the treasury landscape

Thurrock to refinance £215m in low-rate PWLB loans

Could LGR trigger the great district spending spree?

Jackie Shute: the interest rate risk trap

More from Treasury

How Trump’s tariffs could impact UK local authority finances

Capital receipts flexibility extended to 2030

IFRS 9 override extended to 2029 for existing investments

More from Aysha Gilmore

Reports

Most read in Treasury

More from Treasury

More from Treasury