Government timetable could push councils to issue section 114s, treasurers warn

By Dan Peters | 19 February 2024

The Government’s proposed timeline for implementing changes to tackle risky borrowing by some councils could end up pushing local authorities into section 114 territory, district treasurers have warned.

A Government consultation on local authority capital flexibilities closed last week – just weeks before the new financial year, when the changes are expected to be implemented.

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Whitehall Finance Policy S114 Consultation