Dan Peters 07 September 2018

LGA defends bonds agency support

The Local Government Association (LGA) has defended its support of the struggling UK Municipal Bonds Agency.

Criticism has been growing amid warnings – previously reported in The MJ – that the four-year-old agency could run out of money before issuing a bond.

One well-placed source said: ‘The LGA hasn’t really pushed it hard enough. It isn’t grabbing the bull by the horns.

But a LGA spokesman insisted: ‘As one of a number of investors, we have been supporting the bond agency throughout and are keen to see it succeed.’

Smith Square has vowed to ‘stand behind’ the agency by offering ‘ongoing financial and operational support’ until 2028 but is not believed to have put aside any cash for a bailout on top of the £500,000 of capital it contributed to get the company founded.

Visit The MJ for more on this story (£).

SIGN UP
For your free daily news bulletin
Highways jobs

Highly Specialist Clinical Psychologist

Oxfordshire County Council
£62215 - £72293
How about joining The Clinical Team at Oxfordshire County Council in our new Community Family Clinic initiative? Oxford
Recuriter: Oxfordshire County Council

Traffic Management Officer - WMF2114e

Westmorland and Furness Council
£37,035 - £37,938
Are you an experienced and motivated professional looking to take the next step in your traffic management career? Cumbria / Various
Recuriter: Westmorland and Furness Council

Peripatetic Support Assistant

Wakefield Council
£16,415.00 - £16,675.23 Grade 4, 24.5 hours, Permanent
Are you caring, compassionate, and friendly? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Peripatetic Support Assistant

Wakefield Council
£14,070.00 - £14,293.05 Grade 4, 21 hours, Permanent
Are you caring, compassionate, and friendly? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Recruitment Support Officer

Durham County Council
£25,584 to £27,711 p.a. (Grade 5) pay award pending
We are looking for a Recruitment Support Officer to join our team on a temporary basis until 31 March 2026. In this role, you will provide a comprehe Spennymoor
Recuriter: Durham County Council
Linkedin Banner