Changes to the Public Works Loan Board under the Infrastructure Act and retention of Lender of Last Resort facility?

Joel M Benjamin made this Freedom of Information request to Her Majesty's Treasury

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Her Majesty's Treasury did not have the information requested.

Dear Her Majesty’s Treasury,

As part of changes set in motion with the Infrastructure Act and creation of a Municipal Bond Agency, HM Treasury announced consultation and reforms to the Public Works Loan Board (PWLB) which CIPFA's April 2015 Policy & Guidance Bulletin suggested would take effect during 2015/16.

I note that currently the PWLB provides a "lender of last resort" facility to local authorities across the UK, and are interested to understand if:

a) a risk assessment or consultation regarding removal of PWLB lender of last resort facility has been conducted by HM Treasury (please provide details of the risk assessment & any external bodies consulted) during the last 10 years? , and/ or

b) If Chancellor George Osborne and HM Treasury have committed to maintaining an unrestricted lender of last resort facility for the PWLB, or any reformed successor body?

Yours faithfully,

Joel M Benjamin

Enquiries, CEU - HMT, Her Majesty's Treasury

Dear Mr Benjamin,

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FOI Requests, Her Majesty's Treasury

1 Attachment

Dear Mr Benjamin,


Please find attached our reply to your Freedom of Information request
dated 8 October.



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