A council has been criticised for making the first dive into the swaps market decades after a scandal involving Hammersmith & Fulham LBC.
Plymouth City Council has bought an interest rate swap from Santander to try to protect its finances against a rise in borrowing costs.
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