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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If this article was of interest, then check out our features, 'Preventing future Section 114 notices' and 'How to fix local government finance'.
