
What Could CIPFA’s Proposed Prudential Code Changes Mean for Local Authorities?
CIPFA’s latest consultation signals a fundamental shift in the prudential framework, placing the liability benchmark at the centre of how local authorities assess borrowing needs, affordability and longer-term treasury strategy. Although the revised Codes are not expected to apply until 2027/28, authorities should begin preparing now for more integrated forecasting, enhanced group-risk reporting and significant changes to prudential indicators, governance and reporting arrangements.





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