Rising interest rates and government restrictions on commercial developments have prompted Mid Devon District Council to begin winding down a housing subsidiary.
Concerns over how costs of a planned airport expansion were accounted for mean Luton Borough Council’s external auditors could qualify their opinion on four-year-old accounts still yet to be signed...
A landmark independent report on governance failures at the London Borough of Croydon represents an opportunity for other authorities to review their own standards, experts have told PF.
Dysfunctional leadership and “inexcusable” poor governance arrangements contributed to the London Borough of Croydon’s financial woes, a long-awaited report has found.
Local authorities have been urged by an external auditor to apply effective risk management to their subsidiary companies and other commercial activities to safeguard against financial risks.
The government has closed a loophole that might have allowed councils to use capital receipts to fund revenue costs relating to workforce and service reforms while retaining some kind of ownership of...
The current level of information held by central government on local authority owned subsidiaries is weak, according to an expert who also suggested departments could be requesting additional data.
Warwick District Council and Stratford-on-Avon Council have scrapped plans for a unitary authority over concerns surrounding a housing subsidiary company.
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.
A North East council is hoping to release an audit report on one of its subsidiary companies, after initially refusing to do so because of a police investigation that now turns out not...
London Borough of Croydon failed to ensure it was acting lawfully over an agreement with its housing subsidiary Brick by Brick on a major regeneration project, auditors have found.
A housing subsidiary to which Cambridgeshire County Council has loaned £114m is at risk of failing to deliver on its business case, according to an independent report.
An operator which runs Luton Airport is set to retain £45m of passenger income that was originally due to be paid to a subsidiary company of Luton Borough Council.
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.
Cambridgeshire County Council will need to establish a clear strategy on council tax after missing out on much-needed income in recent years, according to the Local Government Association.
West Lothian Council has agreed to guarantee the financial position of a wholly-owned local leisure operator until the end of April, after Covid-19 impacted on its finances.
The London Borough of Croydon may need to write-off up to £52m in loans to wholly-owned housing firm Brick by Brick, after rejecting the sale of the company.
