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24 Feb 21
The government is considering whether a “system leader” could oversee local government audit in the future, after it rejected the Redmond review’s proposal of a statutory body.
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23 Feb 21
Torbay Council has become the latest authority to shelve its planned commercial investment following PWLB rules changes – scrapping £68m of its planned programme.
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19 Feb 21
The value of two retail investment properties purchased by North Somerset Council has dropped by more than £26m in the three years since they were purchased due to Covid-19.
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11 Feb 21
Leicestershire County Council says it could raise £18m of revenue each year to fund services after agreeing an £89m expansion of its commercial property portfolio.
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4 Feb 21
West Berkshire Council is to shelve the uncompleted third of its £100m commercial investment plan following the introduction of new restrictions on borrowing from the Public Works Loan Board.
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22 Jan 21
MPs have warned that the financial sustainability of some local authorities presents a “significant risk” to the government's finances, and urged the swift implementation of the Redmond review into...
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19 Jan 21
Spelthorne Borough Council’s controversial commercial investment strategy has allowed it to propose council tax freezes next year despite Covid-19 disruption, according to its finance chief.
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15 Dec 20
Spelthorne Borough Council is budgeting for an increase in income from its commercial property portfolio during the current financial year, enabling it to underspend its budget by £1.5m.
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14 Dec 20
Local authorities could be required to provide central government with extra details on their commercial property portfolios, according to a senior official.
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23 Nov 20
The financial performance of London Borough of Croydon’s commercial companies and other ventures have consistently missed forecasts outlined in their business plans, according to a review.
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11 Nov 20
An investment strategy agreed by Cotswold District Council to borrow more than four times its annual budget has been labelled deeply concerning by its opposition leader.
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4 Nov 20
Thurrock Council has taken out a £125m loan with a maturity of just two years from the Public Works Loan Board.
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28 Oct 20
Councillors at Spelthorne Borough Council have voted to give themselves more control over the authority’s property investment decisions.
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16 Oct 20
Reading Borough Council is to its delay planned commercial investment strategy, valued at £180m over the next three years, due to the Covid-19 pandemic.
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9 Oct 20
Spelthorne Borough Council has denied that its property investment strategy is unlawful after reports that auditors have raised material concerns over some of its purchases.
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10 Sep 20
Rother District Council has approved plans to borrow £46m to build offices, in order to keep a business within the district.
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13 Jul 20
The government is “blind” to the extreme risks some councils have exposed themselves to through their commercial investments, a report by the Public Accounts Committee has claimed.
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14 May 20
The lifeline that commercial property investment offered many councils looks set to be cut in the face of a government clampdown on borrowing
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12 May 20
A small number of councils buying commercial property purely to make money should not result in a complete overhaul of CIPFA’s guidelines on investment, chief executive Rob Whiteman has told MPs.
24 Feb 21The government is considering whether a “system leader” could oversee local government audit in the future, after it rejected the Redmond review’s proposal of a statutory body.
23 Feb 21Torbay Council has become the latest authority to shelve its planned commercial investment following PWLB rules changes – scrapping £68m of its planned programme.
19 Feb 21The value of two retail investment properties purchased by North Somerset Council has dropped by more than £26m in the three years since they were purchased due to Covid-19.
11 Feb 21Leicestershire County Council says it could raise £18m of revenue each year to fund services after agreeing an £89m expansion of its commercial property portfolio.
4 Feb 21West Berkshire Council is to shelve the uncompleted third of its £100m commercial investment plan following the introduction of new restrictions on borrowing from the Public Works Loan Board.
22 Jan 21MPs have warned that the financial sustainability of some local authorities presents a “significant risk” to the government's finances, and urged the swift implementation of the Redmond review into...
19 Jan 21Spelthorne Borough Council’s controversial commercial investment strategy has allowed it to propose council tax freezes next year despite Covid-19 disruption, according to its finance chief.
15 Dec 20Spelthorne Borough Council is budgeting for an increase in income from its commercial property portfolio during the current financial year, enabling it to underspend its budget by £1.5m.
23 Nov 20The financial performance of London Borough of Croydon’s commercial companies and other ventures have consistently missed forecasts outlined in their business plans, according to a review.
11 Nov 20An investment strategy agreed by Cotswold District Council to borrow more than four times its annual budget has been labelled deeply concerning by its opposition leader.
28 Oct 20Councillors at Spelthorne Borough Council have voted to give themselves more control over the authority’s property investment decisions.
16 Oct 20Reading Borough Council is to its delay planned commercial investment strategy, valued at £180m over the next three years, due to the Covid-19 pandemic.
13 Jul 20The government is “blind” to the extreme risks some councils have exposed themselves to through their commercial investments, a report by the Public Accounts Committee has claimed.
14 May 20The lifeline that commercial property investment offered many councils looks set to be cut in the face of a government clampdown on borrowing
12 May 20A small number of councils buying commercial property purely to make money should not result in a complete overhaul of CIPFA’s guidelines on investment, chief executive Rob Whiteman has told MPs.
28 Sep 21
7 Jul 21 to 8 Jul 21
