Selling a professional services company has given Merton Council an injection of £185.6m, and the authority plans to use the proceeds to make “sound investments” and generate income, as well as pay...
External auditors have told Bournemouth, Christchurch and Poole Council it needs to work out how it will balance its future budgets, warning that it lacks “appropriate arrangements” to run its...
Bournemouth, Christchurch and Poole Council is to explore the possibility of selling some of its assets to avoid using £20m of government financing flexibilities this year.
The government has closed a loophole that might have allowed councils to use capital receipts to fund revenue costs relating to workforce and service reforms while retaining some kind of ownership of...
Durham County Council is set to sell a new £50m office which it has not yet occupied, to help reduce costs as the authority moves to more flexible working.
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...
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.
