MJ study reveals lack of backing for LG A bonds scheme

摘要

The Local Government Association (LGA) has a battle on its hands if it is to convince local authorities to back its municipal bonds agency. In an MJ survey of chief executives, council leaders and finance heads (excerpt pictured), just 8.6% of respondents said they planned to use the agency to fund infrastructure over the next two years. Contrastingly, 60% said they would favour the Public Works Loans Board (PWLB), despite the development of a market in municipal bonds that would give local government access to alternative forms of finance at more competitive rates.