Public sector net debt is forecast to rise by £125bn or 4.6% of GDP, as government embarks on the largest spending increase since 1992, according to the Office for Budget Responsibility.
The Treasury has written to local authority finance officers to confirm a new discount rate for borrowing for housing spending from the Public Works Loan Board.
CIPFA’s chief executive warns that government proposals to restrict council investment in commercial property could signal a more prescriptive approach.
Rishi Sunak hinted at a coming change to the government’s fiscal rule, promising to report back to parliament in the autumn after consulting with experts on how extra spending could boost the economy.
Chancellor Rishi Sunak has announced plans to remove business rates for small businesses this year, as part of a £12bn package to tackle the economic impact of coronavirus.
The government has announced plans to cut the Public Works Loan Board interest rate - but only after it has introduced measures to ban councils borrowing to invest in commercial property.
The funding gap for local councils is estimated to be £1.4bn lower than previously forecast, according to research from the Local Government Association.
The chair of the National Infrastructure Commission has voiced his disappointment over a delay to the publication of the government's £100bn National Infrastructure Strategy.
Chancellor Rishi Sunak has been warned he will have to reassess the plans his first Budget, in response to the economic disruption caused by the spread of the coronavirus.
Chancellor Rishi Sunak needs to increase funding for local government in his forthcoming Budget if the government is serious about it's aim of 'levelling-up' the UK economy, says Paul Dossett.
Chancellor Rishi Sunak must either raise taxes or abandon the government’s fiscal rules if he wants to avoid continuing austerity, a leading think-tank has warned.
Scottish councils may need to set their council tax rates before their spending plans are agreed as a result of the “problematic” delay to the UK Budget, according to the public spending watchdog for...
‘Fake’ apprenticeships risk undermining the whole system, and as the government looks to ensure value for money in its spending, this could lead to big changes, writes director of education and...
The chancellor Sajid Javid has set 11 March as the date for his first Budget promising a “decade of renewal” but the timing has sparked backlash from the Scottish government.
Mediterranean migration down 31%, developing countries burdened by $7.8trn debt and France’s sweeping tax cut plans - all in Numbers Game from the November 2019 edition of...