External auditors for Redditch Borough Council have issued a statutory recommendation over the authority’s failure to submit its statement of accounts on time.
Councils in the UK entered the cost-of-living crisis in a “solid” financial position due to central government funding, and this position will help the sector in the difficult times to come, a...
A Welsh council has admitted there is “more to be done” to improve its asset management after the national watchdog warned the authority it does not hold all the appropriate data.
A charge on workplace car parking – the first of its kind in Scotland – could make millions for City of Edinburgh Council to invest in transport infrastructure.
Ministers must scrap the patchwork system of bidding pots for local government and consider allowing councils to raise their own taxes, a parliamentary committee has said.
Local audit firms have been told by the Financial Reporting Council to “urgently” improve the quality and timeliness of their work, after the number of unacceptable audits rose last year.
External auditors have told Bournemouth, Christchurch and Poole Council it needs to work out how it will balance its future budgets, warning that it lacks “appropriate arrangements” to run its...
County council leaders have warned that they face a financial situation worse than at any point in recent years, with services at risk, if their budgets are cut in the government’s push for savings.
The heavily criticised mini-budget has put additional pressure on the UK’s debt affordability and weakened the credibility of government policy, ratings agencies have said.
Bournemouth, Christchurch and Poole Council is to explore the possibility of selling some of its assets to avoid using £20m of government financing flexibilities this year.
Councils could need to shrink projects they have submitted to the Levelling Up Fund because the government has refused to adjust the pot for inflation, a senior minister has said.
Failures in the local audit market are leading to “increasingly incomplete and unreliable” data in central government reporting with councils left in the dark over spending decisions, the Public...
Soaring inflation is likely to put two-thirds of the government’s missions outlined in the Levelling Up White Paper at risk of failure, academics have warned.
Stormont’s departmental spending will exceed UK government funding by £660m in 2022-23 putting the devolved administration’s finances at risk, amid the lack of a formal budget, according to finance...
Ministers are set to introduce a cap on renewable energy revenues, aiming to “reduce the impact of unprecedented wholesale prices on consumers” in a move labelled a windfall tax by Labour.