Slough Borough Council will need to sell £100m of property in the next nine months if it is to repay much of its short-term debt without its interest rates effectively quadrupling.
The successful delivery of savings and tight spending controls have helped Peterborough City Council make significant progress towards long term financial stability, an independent panel has said.
Government-appointed commissioners for Sandwell Borough Council have praised reforms to improve governance and contract management following a critical auditors report.
External auditors for Spelthorne Borough Council have issued a rare public interest report amid concerns the authority’s historical commercial investment breached local government regulations.
Thurrock Council’s concentrated investment strategy was a failing that resulted in a £470m budget black hole, according to the official turnaround team.
Failed investments have put Thurrock Council in a grave financial position and facing a deficit of nearly half a billion pounds this year, the commissioners sent in to sort out the authority’s...
Reforming local taxation to include surcharges on out-of-town businesses could help to arrest decades of decline in Scottish town centres, MSPs have said.
The government’s approach of funding social care simply in order to relieve the NHS shows it has the wrong perspective on the importance of care services, peers have said.
Measures in the Autumn Statement favour councils in well-off areas that already raise lots of money from council tax, while those in deprived areas that already bore the brunt of austerity miss out,...
London’s Croydon Council cannot balance its 2023-24 budget without help from the government, its Section 151 officer has said as she issued the authority’s third Section 114 notice in 24 months.
Autumn Statement plans to keep public bodies’ spending tight from 2025 onwards are unlikely to actually be followed when the time comes, economists have said.
Powers allowing councils to raise additional revenues locally, as hinted at by levelling up secretary Michael Gove, could come hand-in-hand with a reduction in grant funding, an expert has warned.
Ministers should consider scrapping the final round of the Levelling up Fund and use the money to provide funding to current projects that risk being cut because of inflation, an expert has told MPs.
Two county councils could issue section 114 notices “within the next year or so” as they struggle with high inflation and rising service demand without additional funding.
A solar investment company of which Thurrock Council has been named as a “major creditor” has entered into administration in a move the authority has said could help to reduce its high level of debt...
Around a third of UK investors that received money from a Covid-19 support fund would have invested money had the fund not existed, an independent report has found.
A proposed temporary override to financial reporting on councils’ infrastructure has been welcomed by the sector as an opportunity to take a step back and sort out one of the major problems facing...
Fears of piling more pressure onto residents during the cost-of-living crisis have led Leicester City Council to scrap a proposed levy on workplace parking, but the council has warned that doing so...
The government fears Liverpool City Council faces “substantial” challenges to its finances, and has appointed a finance commissioner to help get the authority back on track.
The collapse of Bolsover District Council’s preferred building contractor has led to the authority setting up a wholly owned company to continue its development ambitions.
External auditors for Redditch Borough Council have issued a statutory recommendation over the authority’s failure to submit its statement of accounts on time.