To ask the Secretary of State for Communities and Local Government what advice her Department has provided to local authorities on placing money in government bonds. (251799)

The Department does not provide advice to local authorities on particular financial products. Under the Local Government Act 2003, local authorities are responsible for their own investment decisions. The Department’s guidance on local government investments is available at:

http://www.local.communities.gov.uk/finance/capital/data/lginvest2.pdf