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9 Jul 21
Covid-19 and work overruns will mean Crossrail will exceed its current funding envelope, the government spending watchdog said in a report released today.
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30 Jun 21
Eight struggling local authorities will be subject to financial healthchecks by CIPFA as they await approval on £72.5m of government support, ministers have announced.
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28 Jun 21
A London borough has written off costs totalling more £7m after a regeneration programme was scrapped by the authority last year.
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28 Jun 21
Sara Pitt and Rebecca Hellard explain how they improved the performance of Birmingham City Council’s finance department.
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25 Jun 21
Peterborough City Council’s external auditors have raised serious concerns about the financial situation of the authority, which has become reliant on additional government support.
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24 Jun 21
Increased grant funding related to Covid-19 has led to a 500% increase in councils' forecast reserve spending this year, according to latest figures.
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22 Jun 21
Brentwood Borough Council forecasts a half million pound loss at its one of its leisure centres this year, after the operator went into insolvency.
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22 Jun 21
CIPFA has praised Birmingham City Council’s financial management, just two years after a report criticised the arrangements at the authority.
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21 Jun 21
Leicestershire County Council is set to reject a £15m road grant from regeneration quango Homes England amid concerns over financing the costs of additional local infrastructure.
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18 Jun 21
Nottingham City Council has proposed insourcing its heating and electrical services company amid fears it would not pay back its debts to the council.
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18 Jun 21
Local authorities commercial investment needs a change focus, to help unlock latent potential in region, says Jonathan Werran, chief executive of think tank Localis.
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2 Jun 21
The London Borough of Croydon has delayed plans to scrap a project which would have seen the authority transfer housing assets to its pension fund.
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25 May 21
The London Borough of Croydon is set to drop plans to transfer homes built by subsidiaries into its pension fund to help reduce employer contributions.
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1 Feb 21
The government has “no other credible alternative” to granting the London Borough of Croydon a capitalisation direction to ease its financial woes, a review it commissioned has concluded.
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15 Jan 21
Following the news that TfN’s annual budget for next year has been cut by the government, PF spoke to Iain Craven, director of finance at the group to shed further light on the situation.
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14 Jan 21
A future Labour government would produce 20-year projections for the public finances, according to shadow chancellor Anneliese Dodds.
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14 Dec 20
A mechanism to give private investors control of public nuclear projects is still considered a “credible basis” for funding the sector, the government said today as it launched its energy white paper...
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8 Dec 20
A team sent in by ministers has concluded that Nottingham City Council cannot set a balanced budget for next year without government support, according to a leaked report.
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4 Dec 20
NHS Tayside’s high running costs remain a risk, although the health board has improved its financial management, the Scottish spending watchdog has said.
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11 Nov 20
Croydon Council has issued a section 114 notice banning all non-essential spending, due to the “severe ongoing financial challenges” facing the authority.
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4 Nov 20
Local government pension schemes in Lincolnshire, South Yorkshire and Tyne and Wear have invested a combined £97m into a ten-year residential investment fund.
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4 Nov 20
Ipswich Borough Council has approved plans to use all but £50,000 of its usable reserves above its legal buffer by March 2024, to help offset future Covid-19 pressures.
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2 Nov 20
The monthly financial impact of Covid-19 on councils in England has fallen below £1bn for the first time since the start of the crisis, running at 60% of the £1.5bn peaks in April and May.
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29 Oct 20
The government has announced a rapid review into governance at the London Borough following the publication of a “damning” public interest report.
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26 Oct 20
London Borough of Croydon has been accused of "corporate blindness” over its financial position in a rare public interest report compiled by audit firm Grant Thornton.
9 Jul 21Covid-19 and work overruns will mean Crossrail will exceed its current funding envelope, the government spending watchdog said in a report released today.
30 Jun 21Eight struggling local authorities will be subject to financial healthchecks by CIPFA as they await approval on £72.5m of government support, ministers have announced.
28 Jun 21A London borough has written off costs totalling more £7m after a regeneration programme was scrapped by the authority last year.
28 Jun 21Sara Pitt and Rebecca Hellard explain how they improved the performance of Birmingham City Council’s finance department.
25 Jun 21Peterborough City Council’s external auditors have raised serious concerns about the financial situation of the authority, which has become reliant on additional government support.
24 Jun 21Increased grant funding related to Covid-19 has led to a 500% increase in councils' forecast reserve spending this year, according to latest figures.
22 Jun 21Brentwood Borough Council forecasts a half million pound loss at its one of its leisure centres this year, after the operator went into insolvency.
22 Jun 21CIPFA has praised Birmingham City Council’s financial management, just two years after a report criticised the arrangements at the authority.
21 Jun 21Leicestershire County Council is set to reject a £15m road grant from regeneration quango Homes England amid concerns over financing the costs of additional local infrastructure.
18 Jun 21Nottingham City Council has proposed insourcing its heating and electrical services company amid fears it would not pay back its debts to the council.
18 Jun 21Local authorities commercial investment needs a change focus, to help unlock latent potential in region, says Jonathan Werran, chief executive of think tank Localis.
2 Jun 21The London Borough of Croydon has delayed plans to scrap a project which would have seen the authority transfer housing assets to its pension fund.
25 May 21The London Borough of Croydon is set to drop plans to transfer homes built by subsidiaries into its pension fund to help reduce employer contributions.
15 Jan 21Following the news that TfN’s annual budget for next year has been cut by the government, PF spoke to Iain Craven, director of finance at the group to shed further light on the situation.
14 Jan 21A future Labour government would produce 20-year projections for the public finances, according to shadow chancellor Anneliese Dodds.
14 Dec 20A mechanism to give private investors control of public nuclear projects is still considered a “credible basis” for funding the sector, the government said today as it launched its energy white paper...
8 Dec 20A team sent in by ministers has concluded that Nottingham City Council cannot set a balanced budget for next year without government support, according to a leaked report.
4 Dec 20NHS Tayside’s high running costs remain a risk, although the health board has improved its financial management, the Scottish spending watchdog has said.
4 Nov 20Local government pension schemes in Lincolnshire, South Yorkshire and Tyne and Wear have invested a combined £97m into a ten-year residential investment fund.
4 Nov 20Ipswich Borough Council has approved plans to use all but £50,000 of its usable reserves above its legal buffer by March 2024, to help offset future Covid-19 pressures.
2 Nov 20The monthly financial impact of Covid-19 on councils in England has fallen below £1bn for the first time since the start of the crisis, running at 60% of the £1.5bn peaks in April and May.
