Local authority balance sheets in the spotlight
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...
Source: icaew.com