A coastal council in the south of England has paused its plans to sell valuable beach huts amid discussions with the government over £54m of financing flexibilities, it has emerged.
Debt-ridden Slough Borough Council has decided to sell three pieces of land owned by a joint-venture company because it believes developing them would add too much to its already-high borrowing.
The lack of good data on the location and occupancy of government properties is hindering Whitehall’s ability to manage its portfolio, the National Audit Office has said.
The current level of information held by central government on local authority owned subsidiaries is weak, according to an expert who also suggested departments could be requesting additional data.
Brighton and Hove City Council will perform six-monthly “cash sweeps” of the company running a local landmark, in order to repay the millions the authority lent it to help get the attraction running.
The government launched its post-Brexit investment bank more than a year faster than similar lending facilities, meaning it was unable to state how it will meet objectives, according to the National...
A London council has agreed a multi-million-pound settlement following a legal dispute over cladding fitted during refurbishments to a private finance initiative housing estate.
Nottingham City Council has called the government’s announcement it could step in to run some of the authority’s services “clearly disappointing”, saying it is already making improvements by itself.
The UK’s £22bn infrastructure bank has said it expects clean energy will make up the largest sector in its investment portfolio as it unveiled its first ever strategic plan.
Local Government Pension Schemes should make a significant push to reform complex governance arrangements to offer a more joined-up and coherent approach, according to experts.
An English council is set to terminate a property management joint venture after an independent review found the business offered “limited value” to the authority.
The Treasury has defended itself against a think-tank’s claim that it spent billions of pounds more than necessary on interest on the government’s debts.
A West Midlands council is looking to commercialise its management of parks, theatres and museums in a bid to reduce the burden they place on its revenue budget.
An English city council is restructuring a debt owed by its landmark seafront attraction to ensure it is repaid “as quickly as possible” following three years of missed payments, but has delayed a...
CIPFA has welcomed government proposals to take greater intervention powers over council finances, saying they could help identify potential problems at an earlier stage.
The local government secretary will get new powers to direct asset sales and borrowing levels at councils deemed to be at financial risk, under a clause in this week's Levelling Up Bill.
Local authority borrowing from the Public Works Loan Board remains low following four Bank of England interest rates hikes, after councils capitalised on record low finance last year,...