Bournemouth, Christchurch and Poole Council has received minded approval from the government over £20m of exceptional financial support in 2022-23 amid “significant concerns” over the authority’s...
The government could give commissioners at Slough Borough Council new powers after they expressed concern over how “hands-on” they have had to be while trying to help the authority turn itself around.
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.
The London Borough of Croydon has pledged to carry out a deep dive into its finances to get a greater understanding of the risks it faces as it attempts to improve its long-term stability.
Crisis-hit Slough Borough Council has been instructed to sell the majority of its property holdings in a bid to get its finances back on a sustainable footing.
Slough Borough Council has received minded approval for £307m of financing flexibilities through a capitalisation direction, to help correct accounting issues and balance budgets.
The government has confirmed the London Borough of Croydon will receive £50m of financing flexibilities to help balance the 2021-22 budget, with further support for 2022-23 under consideration.
Slough Borough Council says it needs a minimum of £479m in support from central government – a figure it claims could rise much higher if it fails to meet “challenging” savings targets.
The London Borough of Croydon is set to sell two properties to reduce the amount of borrowing it needs to fund exceptional capital freedoms granted by central government.
Crisis-hit Slough Borough Council has asked central govenment for £270m of financing flexibilities to help address historic deficits and reduce debts next year.
An improved financial outlook means Peterborough City Council is unlikely to need to use capital financing flexibilities which it previously requested from central government, it has emerged.
Copeland Borough Council is at risk of issuing a section 114 notice unless it receives further exceptional support, according to a government-commissioned review.
The government has appointed two senior local government officials as commissioners to oversee the financial recovery of cash-strapped Slough Borough Council, following two critical independent...
The London Borough of Croydon still needs to close a predicted £13m budget gap next year, despite hoping to receive £25m of financing flexibilities alongside proposed additional savings.
The working balance of general fund reserves at cash-strapped Peterborough City Council is inadequate to deal with the financial risks the authority faces, according to its finance team.
An improving financial position for Wirral Council has led to the authority reducing the level of expected government support this year by £3.5m, according to its finance chief.
A government-appointed improvement board has voiced worries about the Nottingham City Council's timetable for adopting a medium term financial strategy, which is seen as key to delivering financial...
A council is to use £10.5m of reserves earmarked for tackling Covid-19 to slash the amount of capital borrowing needed to fund services under special arrangements approved earlier this year by...
The London Borough of Bexley has decided not to use £5.1m additional financing flexibilities it was granted by central government this year, due to a “sound” financial position.
Nottingham City Council members have been warned that the use of reserves to balance its budget this year “is not recommended”, after a forecast £11m gap emerged.