The London Borough of Croydon is set to sell two properties to reduce the amount of borrowing it needs to fund exceptional capital freedoms granted by central government.
Local authority organisations have warned that changes that would change the way councils account for debt servicing on commercial property borrowing could have a “devastating” impact on...
An Essex council is set to borrow up to £100m to lend to local businesses that cannot access mainstream lending for projects supporting regeneration within the borough.
The London Borough of Croydon has launched an internal fraud probe into a major council-run regeneration project, and has handed a critical public interest report from its auditors to the...
A North East council is hoping to release an audit report on one of its subsidiary companies, after initially refusing to do so because of a police investigation that now turns out not...
Warrington Borough Council has done a U-turn on its treasury management strategy policy of avoiding minimum revenue repayments on its commercial investment properties, a move that will cost it...
The local government audit crisis means is compounding local government’s financial difficulties, says Public Accounts Committee chair, Dame Meg Hillier.
The brilliance of the diagnosis contained in the government's 'levelling up' white paper only serves to highlight the inadequacy of the policy prescriptions that follow, says ...
The average amount of gross external borrowing by local authorities in England fell in 2020-21, as borrowing restrictions and Covid-19 impacted the sector, according to CIPFA's latest update of its...
Edinburgh City Council is set to allocate up to £9.25m per-year from 2024 to fund the expansion of its tram network, following reduced fare income from Covid-19.
Crisis-hit Slough Borough Council has asked central govenment for £270m of financing flexibilities to help address historic deficits and reduce debts next year.
The government should ban local authorities from borrowing unless they have sufficient plans to make regular repayments of debt and interest, according to the Public Accounts Committee.
External auditors for an East Midlands authority will review financial reporting arrangements after identifying fraudulent payments in the council's 2019-20 financial statements.
A Welsh council breached procurement laws on two occasions over a waste management contract with a subsidiary company, a spending watchdog has concluded.
A borough council paid a social care provider £1.2m more than it was owed, due to a “lack of a common understanding of roles and responsibilities”, according to an internal audit.
