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A recent legal battle over the transparency of Thurrock Council’s £815m debt-leveraged investments in solar power bonds highlights the importance of understanding and managing balance sheet risk in the public sector. The Bureau of Investigative Journalism has won an appeal against a ruling by the Information Commissioner that Thurrock Council does not have to disclose details about its investments in solar power projects. Thurrock has until 12 April to provide the information requested, although it may not have to answer all of the questions asked if it can provide alterna...

Audit Wales reports that the Welsh Government’s Test, Trace, Protect programme has developed well and effectively learnt lessons from earlier peaks of COVID-19. Audit Wales recently published an overview of progress on the Welsh Government’s Test, Trace, Protect (TTP) programme. The report covers delivery of the programme up to the end of 2020, a point when COVID-19 cases were surging again, with more recent data up to the end of February 2021. The second part of the report focuses on the challenges ahead as the programme and the pandemic continue. Healthcare is a devolved...

The British Council’s 2019-20 accounts disclose a material uncertainty over going concern beyond March 2022, despite an expected rescue package of at least £271m.