Newham to appeal LIBOR loan ruling

By Martin Ford | 27 April 2021

Newham LBC has been granted permission to appeal after a bid to sue Barclays over loans was rejected by a High Court judge.

The London borough was among eight councils that claimed lender option borrower option loans, taken out between September 2006 and November 2008, were ‘tainted’ by the LIBOR rigging scandal.

Barclays was among the major lenders fined by regulators in 2012 for manipulating LIBOR (London Interbank Offered Rate) interest rates in their favour.

Want full article access?

Receive The MJ magazine each week and gain access to all the content on this website with a subscription.

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.


Already a subscriber? Login

Finance Legal Funding Loans

Coronavirus Update


In light of the ongoing coronavirus crisis, some of you may not be able to receive your copy of TheMJ magazine. If you’d like to change your delivery address, please contact our subscriptions department at
Read The MJ for free

Keep up to date by subscribing to our daily newsletter

theMJ products