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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.
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6 Oct 20
Councils in Wales could face significant funding shortfalls over the rest of this financial year as a result of Covid-19, according to Audit Wales.
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5 Oct 20
Public sector organisations should look into how they plan to exit private finance initiatives or they could face disruption to services, says Ian Tasker.
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2 Oct 20
Local authority expenditure on Covid-19 dropped in August to £567m, down from £594m in July, according to latest statistics from the Ministry of Housing, Communities and Local Government.
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2 Oct 20
Proposed restrictions on borrowing from the Public Works Loan Board should be dropped to allow district councils to develop new income streams in the wake of Covid-19, the District Councils Network...
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28 Sep 20
A proposed additional statement on local authority accounts outlined in the Redmond Review could lead to additional work and extra costs for councils, Sir Tony Redmond said.
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23 Sep 20
A senior civil servant this week played down fears that most councils will be left significantly out of pocket by the Covid-19 pandemic.
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23 Sep 20
CIPFA is moving its suite of data on local authorities onto a new, more interactive, web platform.
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23 Sep 20
A London council is likely to have to issue a section 114 notice if a bid to use capital funds for revenue services is refused by central government, its section 151 officer has indicated.
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23 Sep 20
Ian Carruthers has been re-appointed as independent chair of the International Public Sector Accounting Standards Board for a third three-year term.
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22 Sep 20
The National Audit Office has launched an inquiry into the UK’s adult social care market and its financial sustainability following Covid-19.
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18 Sep 20
Thanet District Council has warned a section 114 notice is a “possibility” as the council plans to use its reserves to offset Covid-19 losses.
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17 Sep 20
More than 100 councils in England have reported fraudulent claims for Covid-19 grants since the introduction of the emergency measures, according to a report.
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16 Sep 20
Luton Borough Council has approved the borrowing of £60m, which it then intends to lend to its wholly-owned London Luton Airport Ltd as it seeks to offset losses resulting from Covid-19.
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 20Plymouth City Council’s interest rate swap deal shows councils’ continued appetite for borrowing. David Moore examines the deal and other options available to authorities.
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.
9 Oct 20Spelthorne Borough Council has denied that its property investment strategy is unlawful after reports that auditors have raised material concerns over some of its purchases.
8 Oct 20London Borough of Croydon has launched a review of the companies it owns, as part of its bid to receive more assistance from the government.
7 Oct 20Plymouth 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.
6 Oct 20Councils in Wales could face significant funding shortfalls over the rest of this financial year as a result of Covid-19, according to Audit Wales.
5 Oct 20Public sector organisations should look into how they plan to exit private finance initiatives or they could face disruption to services, says Ian Tasker.
23 Sep 20CIPFA is moving its suite of data on local authorities onto a new, more interactive, web platform.
17 Sep 20More than 100 councils in England have reported fraudulent claims for Covid-19 grants since the introduction of the emergency measures, according to a report.
