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

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Thurrock Council is approaching a critical refinancing deadline in July, with £215m in low-interest government loans due to mature amid heightened rate volatility.

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The authority, which is currently under government intervention, has two loans from the Public Works Loan Board (PWLB) at interest rates of 2.65% –

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)