FINANCE

Andrew Burns: We must be better at justifying our commercial decisions

Andrew Burns outlines some of the key principles enshrined in the upcoming revised CIPFA Prudential Code amid fears the Autumn Budget may restrict councils’ ability to make commercial investments in property, especially outside their own area.

article-author
By Andrew Burns | 10 October 2017

The Prudential Code for Capital Finance in Local Authorities has been in place since 2004 and has been a fantastic example of effective self-regulation.

It has enabled local authorities to make capital investments in improving local infrastructure and services whilst ensuring investments are affordable, prudent and sustainable.

Andrew Burns

Popular articles by Andrew Burns

  1. COVID-19: Councils need more money to survive in the longer term
  2. The rising trend of inter-authority lending
  3. Putting our finances on a secure footing
  4. Is this a sustainable first step away from austerity?

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

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

Login

Already a subscriber?

Andrew Burns

Popular articles by Andrew Burns

  1. COVID-19: Councils need more money to survive in the longer term
  2. The rising trend of inter-authority lending
  3. Putting our finances on a secure footing
  4. Is this a sustainable first step away from austerity?
footer-logo

©2024 Hemming Group Limited. Registered in England and Wales. Registered No: 490200. VAT number GB342 023 408