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.
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.
