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786873
star this property registered interest false more like this
star this property date less than 2017-11-10more like thismore than 2017-11-10
star this property answering body
Department for Communities and Local Government more like this
star this property answering dept id 7 more like this
star this property answering dept short name Communities and Local Government more like this
star this property answering dept sort name Communities and Local Government more like this
star this property hansard heading Local Government: Property more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Communities and Local Government, what assessment he has made of the effect on the financial stability of local councils of purchasing commercial properties with high loan-to-value loans. more like this
star this property tabling member constituency Walsall North remove filter
star this property tabling member printed
Eddie Hughes more like this
star this property uin 112298 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>Local authorities have the freedom to borrow and invest, without government consent, provided that their borrowing is affordable. It is for each local authority to assess the risk to its financial sustainability of any borrowing or investment activity.</p><p>My Department has recently published a consultation on proposals to update the Statutory Guidance on Local Authority Investments with the aim of improving local risk management and transparency of decision making.</p><p>The consultation proposes introducing a new requirement for every local authority to present quantitative indicators that will allow assessment of total exposure from borrowing and investment decisions.</p> more like this
star this property answering member constituency Nuneaton more like this
star this property answering member printed Mr Marcus Jones more like this
star this property question first answered
less than 2017-11-16T17:35:36.15Zmore like thismore than 2017-11-16T17:35:36.15Z
star this property answering member
4024
star this property label Biography information for Mr Marcus Jones more like this
star this property tabling member
4635
unstar this property label Biography information for Eddie Hughes more like this