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byNStoopWRM inWarwick Risk Management posted on26/11/2018

McDonnell calls for check on council loans that will ‘waste £16bn’

The shadow chancellor, John McDonnell, has called for a government investigation into the use of high-cost bank loans after a report, to which Nick Stoop of Warwick Risk Management was a contributor, found local councils stand to waste up to £16bn on interest payments over the next 40...

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byNStoopWRM inWarwick Risk Management posted on17/11/2018

Northants exits LOBOs as October PWLB borrowing hits £850m

Northamptonshire County Council has joined the growing number of local authorities exiting Lender Option Borrower Option (LOBO) loans, repaying a £20m loan during October. (Room 151)

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byNStoopWRM inWarwick Risk Management posted on17/11/2018

Council lobo loans fall away as RBS strikes refinancing deal with Kent

Kent County Council, which took out £60 million worth of RBS lobo between 2008 and 2011, repaid the expensive loan early on October 1 after the bank indicated it wanted to remove the loans from its balance sheet. (Evening Standard)

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    Important notice

    Nicholas John Stoop, trading as Warwick Risk Management (‘Warwick Risk Management’), is authorised by the FCA to perform regulated claims management activities. Warwick Risk Management’s authorisation is recorded on the website https://register.fca.org.uk/ under the Firm Reference Number: 835571.

    You do not have to use a claims management firm to pursue your claim.  You may present the claim for free, either against whom you wish to complain or to the Financial Ombudsman Service (subject to eligibility).  We recommend that, before instructing us, you should first check whether you have any other means of pursuing your claim, including by using legal expenses insurance (if applicable) or another dispute resolution service (if applicable).

     

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