Dan Peters 01 March 2024

Lending rates could spike after audit reset, LGA warns

Lending rates could spike after audit reset, LGA warns image
Image: Olivier Le Moal / Shutterstock.com.

Proposals to reset the local audit system and clear the backlog of accounts could drive up the lending rates offered to the sector, councils have warned.

With almost all local authorities in England two years behind with their audited accounts, auditors are expected to issue a raft of qualified and disclaimed opinions later this year.

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Merton is an Ofsted rated ‘Outstanding’ authority—yet it is our ambition, our humility, and our drive to keep learning that truly define us. Merton, London (Greater)
Recuriter: London Borough of Merton

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A welcome from the Corporate Director of Children and Young People Ripon, North Yorkshire
Recuriter: North Yorkshire Council

Specialist Social Worker

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£42,839 - £47,181
A welcome from the Corporate Director of Children and Young People Harrogate, North Yorkshire
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