The Inaugural UK Local & Regional Government Financing Conference: From Prohibition to Prudential Borrowing
Ever since the Prudential Borrowing Code was applied last year, local governments have been able to borrow on their own balance sheet. In 2005, the Balance of Funding report may confer yet more financial autonomy. These new rules hold great potential for local authorities, but important questions remain. How will they use their financial freedom? What are the benefits of working with the private sector? How will prudential borrowing affect the PFI market? Can the bodies concerned with the London Olympics use prudential borrowing? Will public service providers - transport authorities, healthcare authorities, social housing bodies - benefit under the new regime?
|Classification:||G1 - General Financial Markets ; H6 - National Budget, Deficit, and Debt ; H7 - State and Local Government; Intergovernmental Relations|
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