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2 Nov 20
The government has launched a 'rapid review' into governance at Nottingham City Council, its second review of this kind announced in under a week.
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30 Oct 20
Audit firms Mazars and Grant Thornton have been asked to implement quality action plans after the Financial Reporting Council was critical of audit quality.
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30 Oct 20
A London council is set to launch a private placement bond through a digital platform to refinance debt and help fund its capital programme for the next four years.
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30 Oct 20
London Borough of Newham is to loan a further £4m to its own development company, after a leisure centre operator pulled out of a development project due to Covid-19.
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29 Oct 20
Councils face a massive rise in business rates appeals, which have reached around 1,000 a day as a result of Covid-19, according to real estate firm Colliers.
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29 Oct 20
The government has announced a rapid review into governance at the London Borough following the publication of a “damning” public interest report.
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28 Oct 20
Councillors at Spelthorne Borough Council have voted to give themselves more control over the authority’s property investment decisions.
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27 Oct 20
Worthing Borough Council is set to approve a housing scheme joint venture with housing association Vivid, which would see the council invest £12.5m.
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26 Oct 20
London Borough of Croydon has been accused of "corporate blindness” over its financial position in a rare public interest report compiled by audit firm Grant Thornton.
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23 Oct 20
Levels of reserves for councils in England dropped by £900m in 2019-2020 to £23.7bn, according to outturn figures published by the Ministry for Housing, Communities and Local Government.
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22 Oct 20
Councils in England are set to receive £100m to help keep local authority run leisure centres open through the winter.
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20 Oct 20
Lancashire County Council has confirmed it plans to issue its third bond through the UK Municipal Bonds Agency.
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20 Oct 20
Mid Ulster District Council has won a VAT case which could see councils in Northern Ireland receive up to £50m in rebates on admission charges to their leisure facilities.
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19 Oct 20
CIPFA chief executive Rob Whiteman has claimed that Plymouth City Council acted outside its legal powers by agreeing an interest rates swap deal.
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18 Oct 20
Ratings agency Moody’s has downgraded the UK’s credit rating for the third time in eight years, citing factors including a deterioration in the quality of the government’s fiscal decision-making.
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16 Oct 20
Plymouth City Council’s interest rate swap deal shows councils’ continued appetite for borrowing. David Moore examines the deal and other options available to authorities.
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16 Oct 20
Reading Borough Council is to its delay planned commercial investment strategy, valued at £180m over the next three years, due to the Covid-19 pandemic.
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15 Oct 20
Liverpool City Region is to launch a £10m emergency fund in a bid to protect hospitality and leisure businesses from the economic impact of new Covid-19 restrictions.
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14 Oct 20
Manchester City Council says it could face a funding gap of £135m next year as a result of financial pressures relating to Covid-19.
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13 Oct 20
The Welsh spending watchdog has warned councils of a significant increase in risk from fraud due to Covid-19, after uncovering £8m of fraud or overpayment over the past two years.
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9 Oct 20
The UK local authority sector could see a future downgrade to its credit rating if a sustained recession leads to further spending cuts, according to ratings agency Standard and Poor’s.
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9 Oct 20
Spelthorne Borough Council has denied that its property investment strategy is unlawful after reports that auditors have raised material concerns over some of its purchases.
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8 Oct 20
Councils in England are set receive to an additional £30m to fund measures including Covid-19 marshals, to ensure the public and businesses follow coronavirus rules.
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8 Oct 20
London Borough of Croydon has launched a review of the companies it owns, as part of its bid to receive more assistance from the government.
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7 Oct 20
Plymouth City Council has become the first council to agree an interest rates swap deal since a High Court ruling killed off the practice 30 years ago.
2 Nov 20The government has launched a 'rapid review' into governance at Nottingham City Council, its second review of this kind announced in under a week.
30 Oct 20Audit firms Mazars and Grant Thornton have been asked to implement quality action plans after the Financial Reporting Council was critical of audit quality.
30 Oct 20London Borough of Newham is to loan a further £4m to its own development company, after a leisure centre operator pulled out of a development project due to Covid-19.
29 Oct 20Councils face a massive rise in business rates appeals, which have reached around 1,000 a day as a result of Covid-19, according to real estate firm Colliers.
28 Oct 20Councillors at Spelthorne Borough Council have voted to give themselves more control over the authority’s property investment decisions.
27 Oct 20Worthing Borough Council is set to approve a housing scheme joint venture with housing association Vivid, which would see the council invest £12.5m.
26 Oct 20London Borough of Croydon has been accused of "corporate blindness” over its financial position in a rare public interest report compiled by audit firm Grant Thornton.
20 Oct 20Mid Ulster District Council has won a VAT case which could see councils in Northern Ireland receive up to £50m in rebates on admission charges to their leisure facilities.
19 Oct 20CIPFA chief executive Rob Whiteman has claimed that Plymouth City Council acted outside its legal powers by agreeing an interest rates swap deal.
18 Oct 20Ratings agency Moody’s has downgraded the UK’s credit rating for the third time in eight years, citing factors including a deterioration in the quality of the government’s fiscal decision-making.
16 Oct 20Reading Borough Council is to its delay planned commercial investment strategy, valued at £180m over the next three years, due to the Covid-19 pandemic.
15 Oct 20Liverpool City Region is to launch a £10m emergency fund in a bid to protect hospitality and leisure businesses from the economic impact of new Covid-19 restrictions.
14 Oct 20Manchester City Council says it could face a funding gap of £135m next year as a result of financial pressures relating to Covid-19.
13 Oct 20The Welsh spending watchdog has warned councils of a significant increase in risk from fraud due to Covid-19, after uncovering £8m of fraud or overpayment over the past two years.
