The government will need to spend an additional £4.4bn a year to reverse the decline in capital funding and ensure schools are safe for children, unions have said.
Selling a professional services company has given Merton Council an injection of £185.6m, and the authority plans to use the proceeds to make “sound investments” and generate income, as well as pay...
Councils in England have been banned from using capital receipts to fund discretionary redundancy payments, the government announced, as it extended spending flexibilities for service reforms....
While the end of the current financial year is set to be easier than the previous two years, a number of challenges for public sector finance staff remain.
Council investment in buying buildings dropped by 56% in the first quarter compared to last year, while spending on new construction projects fell just 14% according to government data.
Chancellor Rishi Sunak has ordered a review of Capital Gains Tax to simplify the system, prompting speculation that a rise in the rate could help bolster the public finances.
Councils are having to be bold and brave in how they deliver services. The new prudential code addresses the cumulative risk inherent in this, says CIPFA's Jo Pitt.
Councils are using low interest rates to become some of the country’s largest property investors as they aim to boost commercial revenue to offset government cuts, a New Local Government...
