CIPFA chief executive Rob Whiteman raised concerns over a lack of diversity in council investments, at the annual Local Government Association conference today.
The mishandling of a high-profile IT project has left Scotland’s public sector pensions body facing a budget gap of up to £23m over the next five years.
Civil servants are in line for a pay increase of up to 2% this year – with the potential for higher increases in departments that are undergoing transformational reform or struggling to recruit.
Councils are concerned that a National Audit Office investigation into commercial property investment will criticise them, public finance experts have told PF.
The Royal Borough of Kensington and Chelsea made a series of multi-million pound property deals while cutting costs on Grenfell Tower’s refurbishments, research has found.
The potential of the new Scottish National Investment Bank will be compromised if it is limited to funding only commercial activities, the Scottish Government has been warned.
The government must improve its oversight of governance in local authorities as they struggle with increased financial and demand pressure, England’s spending watchdog has urged.
The Treasury’s focus on controlling public spending in the short term risks value for money over the long term, according to the UK’s spending watchdog.
Councils have been granted a statutory override on accounting changes to pooled investments for five years, despite most stakeholders opposing a time-limited period.
Like farmers, we need to monitor the signs carefully and plan accordingly to take control where we can and improve our odds of success, says financial adviser Bob Swarup.
Many redevelopment schemes in the UK put the onus on corporate profit at the cost of local communities but other countries show there is another way, argues Genevieve Maitland Hudson of Social...
CIPFA is to work on fresh guidance over concerns councils in England are putting public funds at “unnecessary or unquantified risk” when borrowing to invest in commercial property.