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Birmingham City Council is the largest and most high profile of the six local authorities to have issued a section 114 notice since 2018. Perhaps unsurprisingly, there is now some speculation in the national press over who will be next.
Many climate-conscious employers have taken advantage of a government-backed scheme to provide their staff with electric vehicles.
SIBs are a form of partnership in which investors provide upfront funding for a social program where their return on investment is linked to certain predetermined performance targets.
The UK's commercial property sector is facing a significant sell-off, investors and asset managers are grappling with the complex task of valuing their portfolios in this shifting landscape.
The biggest local authority in the country is in financial difficulty, and so it is not unreasonable to ask how this might impact the local-to-local lending market.
Why do Section 114 notices happen?
Aside from administrative functions local authorities are also crucial for some other really important things: like how likely you are to die younger than you should.
This year a number of local authorities have a pension asset on their balance sheet rather than a pension liability. What does this pension asset mean in practice and why has this started to occur now?
The Cboe Volatility Index – better known by its ticker ‘VIX’, is a financial benchmark devised to act as a live market estimate of the expected volatility of the S&P 500 Index.
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