Department for Communities and Local Government written question – answered at on 2 August 2017.
Her Majesty's Government what assessment they have made of the scale of commercial property investment by some local authorities in recent years; and whether they plan to commission a risk analysis of the financial security of such investments in the event of a decline in property values or an upward trend in interest rates.
Over the past two years the scale and nature of commercial activity has increased significantly. When entering into borrowing or investment decisions, local authorities are required to have regard to a series of statutory codes. Officials have been monitoring developments in this area and are working with the sector to update the control framework with the aim of improving risk management and transparency of decision making.
Yes0 people think so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.