The social rent cap and increased spending due to new legislation have created a “perfect storm” at the London Borough of Southwark, slowing housebuilding, a senior officer has said.
Poor governance led to a tramline exceeding its budget and saddling the City of Edinburgh Council with almost £250m of extra debt, an independent inquiry has found.
The potential for an auditor intervention over the accounting for a £70m loan has forced Plymouth City Council to apply for exceptional government support.
Faltering retail investments have saddled a council in levelling up secretary Michael Gove’s constituency with tens of millions of pounds of debt, and left it at risk of a Section 114 notice within...
Declining reserve and cash balances have restricted the use of internal borrowing and left authorities open to greater financing risks, experts have said.
Rising borrowing costs and inflation have led Spelthorne Borough Council to consider shelving its planned housing investments and seeking out an alternative way to deliver them.
High construction costs and concern over the impact of interest rate rises mean Enfield Council will review how it delivers a 10,000-home development project, and the authority has already pressed...
Millions returned to councils from a waste-to-energy plant prove a publicly owned facility is “far preferable” to paying for a private business to run the site, one of the councils has said.
A senior minister has warned that plans for Bournemouth, Christchurch and Poole Council to create additional revenues must keep to the “spirit and intent” of local government guidance.
Warrington Borough Council is set to discuss its borrowing and capital investment strategies with CIPFA, in an attempt to show how its approach, previously flagged as a concern by the government, “is...
A solar investment company of which Thurrock Council has been named as a “major creditor” has entered into administration in a move the authority has said could help to reduce its high level of debt...
Crisis-hit Thurrock Council has been given permission by the government to borrow almost £840m from the Public Works Loan Board to repay finance from other local authorities.
Government-appointed commissioners at Slough Borough Council have questioned the authority’s decision to purchase investment properties outside its boundaries, as it prepares to sell assets for a...
Brighton and Hove City Council will perform six-monthly “cash sweeps” of the company running a local landmark, in order to repay the millions the authority lent it to help get the attraction running.
A council in south west England will borrow up to £10m to fund “critical” temporary accommodation to house homeless families amid the cost-of-living crisis.
The government is set to restrict new local authority borrowing from the Public Works Loan Board if it believes the council is at risk of not repaying.
The Department for Levelling up Housing and Communities is considering proposals to publish the full value of local authority investments and data on subsidiary companies.
Slough Borough Council has received minded approval for £307m of financing flexibilities through a capitalisation direction, to help correct accounting issues and balance budgets.
Local authority organisations have warned that changes that would change the way councils account for debt servicing on commercial property borrowing could have a “devastating” impact on...
Local authorities in the UK borrowed just £130m from the Public Works Loan Board in January, as the cost of borrowing leapt following December's Bank of England interest rate rise.
Warrington Borough Council has done a U-turn on its treasury management strategy policy of avoiding minimum revenue repayments on its commercial investment properties, a move that will cost it...
