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.

Visit The MJ (£) to read more.

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