BUSINESS

Whiteman criticises 'reckless' council

A council has been criticised for making the first dive into the swaps market decades after a scandal involving Hammersmith & Fulham LBC.

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By Dan Peters | 19 October 2020

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.

Dan Peters

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Dan Peters

Popular articles by Dan Peters

  1. NAO blames council audit backlog for failure to sign off Government accounts
  2. Councils 'hamstrung' on net zero
  3. Rayner: Prescott was an inspiration to me
  4. New anti-social behaviour powers planned for councils
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