The English Local Government Association moves forward with the project to create a Municipal Bond Agency

The advisors (Aidan Brady, Lars M Andersson and Francis Breedon) delivered their report last week. The Local Government Association (LGA) has then, last Thursday, decided to move forward with its plans to create a Municipal Bond Agency. In an interview with Room 151, Sir Merrick Cockell, chairman of LGA, said: ”The huge potential for reducing local government’s borrowing bill by introducing diversity and a council-owned competitor into our lending market is too big to ignore.”