Prudential code changes sparks fear for district finances

By Heather Jameson | 08 December 2021

Plans to change the rules on prudential borrowing have provoked fears that district councils’ finances will be at risk if they are unable to invest commercially.  

The Chartered Institute of Public Finance and Accountancy is in the second stage of its consultation on the Prudential Code for Capital Finance (CIPFA), a review it launched at the request of the Treasury amid growing fears over commercial property investments.

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