Local authorities are struggling to repay loans as a result of a “pernicious” rule change by the Public Works Loan Board, a financial risk analysis website has said.
Charities have called on local authorities to end the use of bailiffs against vulnerable residents after finding that council tax arrears have hit record levels.
The Office for National Statistics has today classified housing associations as part of the public sector, leading to an estimated £60bn increase in public sector net debt.
Full devolution of business rates to local authorities is set to lead to an increase in council debt levels as they look to borrow to invest in business development, Moody’s has concluded.
Public sector borrowing fell by more than £6bn in the first quarter of 2015/16 compared to the same three months in the previous year, the Office for National Statistics announced today.
George Osborne will today set out plans to legally bind the government and future administrations into running a surplus when the economy is growing as part of a “new settlement” for the public...
Countries like the UK should not cut public spending to bring down sovereign debt as the impact on the economy could outweigh the benefits, an International Monetary Fund research paper has concluded.
Withdrawal of Council Tax Benefit has resulted in a postcode lottery for households that can’t pay part of the bill. Local authorities are also feeling the effects, with arrears on the increase
