Failed investments have put Thurrock Council in a grave financial position and facing a deficit of nearly half a billion pounds this year, the commissioners sent in to sort out the authority’s...
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.
Levelling up secretary Simon Clarke has fired a warning signal to councils that there will be “consequences” for perceived mismanagement following a series of high-profile government interventions.
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...
