The government has reached an agreement with Transport for London to supply £1.2bn of funding and additional capital support to avoid a “managed decline” in services.
Councils are shelving long-term capital projects to focus on shorter term budgetary pressures brought on by rising prices without additional funding, an expert has said.
Proposals to better integrate health care rely on the NHS being adequately funded in the forthcoming Spending Review, says Amelia Chong, policy advisor for finances and specialised services at...
The coronavirus pandemic and tighter government lending rules led to a 41% real-terms contraction in councils' payments for land and buildings last year, according to provisional outturn figures.
Transport for London is expected to slash its capital spending due to weakened passenger demand following the coronavirus pandemic, ratings agency Moody’s has predicted.
Local authorities in England borrowed £856m from the Public Works Loan Board last month, as councils refocus on capital projects following a lull due to Covid-19.
Local authorities’ spending on buying property has fallen more than half following the outbreak of Covid-19, according to statistics from the Ministry of Housing, Communities and Local Government.
Capital receipts for councils in England dropped by more than 30% last year to £2.8bn, the lowest level in the last five years, according to government statistics.
