The government has “no other credible alternative” to granting the London Borough of Croydon a capitalisation direction to ease its financial woes, a review it commissioned has concluded.
Richard Lloyd-Bithell, senior technical manager at CIPFA, runs through the new proposals for the Prudential Code in response to increased local authority investment in commercial property.
This week, PF revealed that the Valuation Office Agency has halted talks over business rates rebates for offices – but the government could still face a bill of £500m to compensate councils for lost...
Robert Jenrick fast-tracked grant funding to local authorities at the start of the Covid-19 crisis last year despite objections from civil servants, according to the National Audit Office.
The Valuation Office Agency has paused talks over hundreds of millions pounds worth of potential Covid-19-related business rates rebates for offices, PF has learnt.
Northampton Borough Council displayed significant governance failures over loans paid to its local football club Northampton Town FC, according to a public interest report issued by auditors this...
North Yorkshire County Council is proposing a 3.5% council tax rise – below the allowed maximum – for next year, despite a forecast medium term funding gap of £18m.
Covid-19 financial pressures for local authorities in England totalled £10.8bn during 2020, as forecast pressures for 2020-21 rose to £12.5bn, according to latest returns submitted to government.
Luton Borough Council is predicting a further £30m hit in lost dividend income from Luton Airport over the next two years due to Covid-19, on top of a £16m gap this financial year.
Following the news that TfN’s annual budget for next year has been cut by the government, PF spoke to Iain Craven, director of finance at the group to shed further light on the situation.
A 'back to the future' approach for local government audit is not realistic, according to Steve Freer, chairman of audit oversight body Public Sector Audit Appointments.
Somerset County Council is to write to the prime minister Boris Johnson refuting claims by a county MP that the authority incorrectly used Covid-19 grant funding to balance its books.
The value of government contracts put out to tender last year fell 8% to £101bn, despite large Covid-19 deals, according to government contracts analysis firm Tussell.
Councillors at Lincolnshire County Council have rejected the option of using the 3% increase to the adult social care precept next year which was announced during the local government settlement.
