Municipal bonds agency faces uncertain future

By Dan Peters | 01 July 2021

The board of the loss-making UK Municipal Bonds Agency (MBA) has warned the company faces an uncertain future.

Financial statements for the Local Government Association (LGA) backed firm, which recorded a £650,000 loss before tax in the year ended 30 November 2020, concluded there was a ‘material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern’.

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