Elevated inflation and “intensifying” demand for temporary accommodation will force authorities to cut services amid a forecast £550m overspend this year, the District Councils’ Network has warned.
Persistent high inflation and rising service demand have added another £1bn to council funding pressures in the next two years in just three months, the Local Government Association has warned.
A “completely broken” local government funding system has put 21 councils at risk of issuing Section 114 notices this year and next, the Special Interest Group of Municipal Authorities has warned.
Rising care demands and tightening budgets risk reducing the quality of Welsh care and ministers must have honest conversations over the future of healthcare, a service leader has said.
Interest rates are set to stay higher for longer, the Bank of England has said as it announced another hike in its base rate – this time from 5% to 5.25%.
Dwindling reserves and a forecast £17m gap in Medway Council’s budget this year have put the authority’s finances at risk and led to calls for more funding for the sector.
Rising service demand combined with high inflation and rising interest rates has made delivering a balanced budget “very difficult to achieve” without further government support, a councillor at...
Construction delays and overspends on existing developments mean the government will miss its election target to build 40 hospitals by 2030, the National Audit Office has warned.
Hundreds of thousands of public sector workers will get a pay rise now the government has accepted pay review body recommendations, but not funding that pay rise with extra money will mean services...
Councils will have to make cuts or raid reserves to meet rising costs amid a forecast £2bn funding shortfall this year, the Local Government Association has warned.
The coming years will be defined more by politics than the economy, despite inflation and the cost-of-living crisis dominating the agenda right now, Public Finance Live heard.
Almost three-quarters of councils in England have used reserves to pay for ballooning adult social care costs – a fact care leaders have highlighted as unsustainable.
Persistent inflation has led to the Bank of England raising its bank rate for the twelfth time in a row, but commentators have warned that the economy could suffer as a result.
A shrinking budget and higher spending needs could force Northern Irish departments to make £800m of cuts this year, the nation’s financial watchdog has warned.
