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29 Jun 22
Levelling up secretary Michael Gove has confirmed councils in England will receive two-year funding settlements from next year to help them plan with “a greater degree of confidence”.
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17 Dec 21
The allocation of the local government settlement, steering more funding to deprived councils, is a signal of the government’s intentions on 'levelling up', according to experts.
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28 Oct 21
Experts are sceptical that £2.6bn announced in the 2021 Autumn Budget and Spending Review to replace European Union support will be enough to meet previous sums.
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21 Oct 21
Next week’s Spending Review is likely to see the government indicate the future of delayed reforms to local authority finance, according to the government.
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8 Sep 21
Spending available to “unprotected” government departments will be tight over the next three years, and could lead to some areas receiving cuts, according to the Institute for Fiscal Studies.
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13 Aug 21
Chancellor Rishi Sunak has pledged there will be “absolutely no return to austerity” in the upcoming Spending Review, as the UK recovers from Covid-19.
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30 Jul 21
Different tiers of council must put their differences aside to secure the overall financial health of local government, says Rob Whiteman.
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21 Jul 21
Chancellor Rishi Sunak will have little headroom for extra commitments in the autumn Spending Review, according to the Institute for Fiscal Studies.
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13 Apr 21
The government’s Spending Review is “not workable” and needs to be abolished, according to an independent commission.
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5 Jan 21
Local authorities borrowed £252m from the Public Works Loan Board in December, the highest sum borrowed since April, following November’s one percentage point drop in borrowing rate.
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21 Dec 20
This year has been one of the most demanding for the public sector in living memory. PF lists the ten biggest stories from the past 12 months.
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8 Dec 20
The UK government’s lack of fiscal rules and strategy to tackle record debt are a “major source of uncertainty”, according to ratings agency Moody’s.
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4 Dec 20
The government has confirmed that Network Rail’s infrastructure budget for the next four years will shrink by £1bn, following the Spending Review.
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3 Dec 20
Chancellor Rishi Sunak has warned that servicing the government’s record debt could become “problematic” if interest rates start to rise.
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3 Dec 20
Chancellor Rishi Sunak has provided more clarity on funding but Covid-19 has left local authorities with inadequate funds to actively promote the welfare of children, says Jenny Coles.
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1 Dec 20
Last week's Spending Review contained some positives, but long-term certainty remains elusive, says Simone Hines.
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26 Nov 20
The government has announced it is to allocate £220m of pilot funding to the UK Shared Prosperity Fund next year, to help local areas prepare for the full launch of the fund.
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26 Nov 20
Despite a large envelope of expenditure, the Spending Review has still left some funding issues unaddressed, says Karen Sanderson.
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26 Nov 20
Councils in England will receive an additional £3bn to cover Covid-19 expenditure over the next year, alongside a lifting of social care precept for council tax, the government has confirmed.
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25 Nov 20
Nobody expected the 2020 Spending Review to slam the brakes on, but a prolonged period with no formal fiscal framework will start causing the chancellor new headaches, says Dan Corry.
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25 Nov 20
Catch up with the main spending announcements in today’s settlement, which chancellor Rishi Sunak says represents the fastest revenue spending growth for 15 years, even excluding the Covid-19...
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25 Nov 20
The government has reversed its October 2019 hike in the Public Works Loan Board borrowing rate and introduced a ‘ban’ on councils borrowing to raise revenue from commercial property.
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23 Nov 20
More than half of English councils could be at risk of financial failure by 2023 if the Spending Review merely maintains funding levels, a report from financial adviser Grant Thornton has found.
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23 Nov 20
Chancellor Rishi Sunak has vowed that the upcoming Comprehensive Spending Review will not see a return to austerity.
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13 Nov 20
Section 151 officers face a 'tipping point’ requiring tough decisions on whether to follow London Borough of Croydon in issuing a section 114 notice, CIPFA chief executive Rob Whiteman has told MPs.