The London Borough of Croydon may need to write-off up to £52m in loans to wholly-owned housing firm Brick by Brick, after rejecting the sale of the company.
Public Finance magazine and Workday recently brought together a group of senior public sector finance leaders for a roundtable discussion exploring ways in which government departments can use agile...
The Municipal Bonds Agency – aimed at providing cheap borrowing to local authorities – faces doubts over its future after racking up pre-tax losses of £650,000 last year.
Eight struggling local authorities will be subject to financial healthchecks by CIPFA as they await approval on £72.5m of government support, ministers have announced.
An investment company set up to buy commercial property on behalf of two councils has suffered cumulative losses of more than £12.5m since it launched four years ago.
Powys County Council has agreed to wind down a housing maintenance joint-venture next year, halfway through the original contract term, and insource the services.
Government departments lack urgency in their efforts to measure fraud and error relating to Covid-19 spending, according to Parliament’s Public Accounts Committee.
Uttlesford District Council is applying for a credit rating to allow it access to a greater range of borrowing to fund its multi-million programme of out-of-borough commercial investments.
The government has proposed a three-year valuation period for business rates, alongside changes to the appeals process, in a bid to make the system more effective.
Leicestershire County Council will ask its schools to transfer £2m of funding to help meet a burgeoning special educational needs deficit, which presents a “significant risk” to the authority.
Peterborough City Council’s external auditors have raised serious concerns about the financial situation of the authority, which has become reliant on additional government support.
CIPFA is proposing to boost the information it provides on proposed borrowing restrictions on borrowing for yield in its update to the Prudential Code.
Somerset County Council has approved plans to develop a £70m strategic partnership to provide 10 children care and foster homes, in a bid to reduce reliance on private operators.
Government figures released today show a sharp rise in business rate and council tax arrears - PF speaks to local authority finance officers about the factors behind the figures.
Leicestershire County Council is set to reject a £15m road grant from regeneration quango Homes England amid concerns over financing the costs of additional local infrastructure.