Continued strong progress on reforms aimed at delivering financial stability and improving governance could see the improvement panel at the London Borough of Croydon exit within two years.
Failed commercial investments have prompted Thurrock Council to request £182m of exceptional financial support from the government to help it balance its 2023-24 budget.
The reliance on falling commercial income to fill funding gaps at Woking Borough Council has placed the authority’s finances at an “immediate risk”, according to an internal report.
UK public sector borrowing last month was the fourth highest October figure since the Office for National Statistics began collecting data, a fact it put down to the government beginning to subsidise...
Tax cuts in Friday’s ‘fiscal event’ are set to raise UK government borrowing by more than £30bn – more than half of the total increase in borrowing since the Office for Budget Responsibility last...
Senior consultant at CIPFA Mark Williams clears up what the Prudential Code for Capital Finance in Local Authorities means for councils, and why the institute updated the framework last year.
A coastal council in the south of England has paused its plans to sell valuable beach huts amid discussions with the government over £54m of financing flexibilities, it has emerged.
Chancellor Rishi Sunak will have some ‘wiggle room’ to help tackle the rising cost of living in his Spring Statement as government borrowing undershoots forecasts, according to an influential...
Capital spending by local authorities dropped by 8% during 2020-21 compared to the previous year as Covid-19 delayed projects and councils veered away from buying property due to changes in...
Liverpool City Council has formally terminated a highways development contract after the construction firm carrying out the works went into administration.
Nottinghamshire County Council will need to borrow a further £70m to deliver capital projects and refinance loans, pushing its total debt close to £600m.
An over-budget highways project by Liverpool City Council has suffered a double whammy after its developer entered administration and budget estimates soared.
Luton Borough Council has defended its annual capital borrowing limit, which will rise to £1bn over the next four years due to the “devastating impact” of Covid-19.
