CIPFA calls for strengthening of council borrowing rules

By Dan Peters | 31 July 2020

Legislation governing the rules on council borrowing should be strengthened, the Chartered Institute of Public Finance and Accountancy (CIPFA) said today.

As part of its response to a Treasury consultation on the future lending terms of the Public Works Loans Board, CIPFA called for compliance with the prudential code to be made a statutory requirement.

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