Top tier councils spend over three-quarters of their net revenue expenditure on social care, according to analysis highlighting the intense strain on authorities in the face of surging demand and...
Declining reserve and cash balances have restricted the use of internal borrowing and left authorities open to greater financing risks, experts have said.
A reliance on a faltering “high-risk alternative funding strategy” to balance budgets in the medium term has put Bournemouth, Christchurch and Poole Council’s financial stability at risk, its...
Reserves will soon fall below the minimum threshold at Maldon District Council without action to curb spending, and a Local Government Association review found the authority needs a “robust” plan to...
A projected £11.6m overspend would nearly wipe out Middlesbrough Council’s useable reserves and lead to a Section 114 notice, the authority’s finance chief has warned.
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.
Dwindling reserves and the need to make more than £50m of cuts to balance the 2023-24 budget have put Shropshire Council in an “extremely challenging” position, the Local Government Association...
Rising demand and an over-reliance on reserves have put the financial sustainability of Scottish care boards at risk without significant reforms, the national watchdog has warned.
Reserves nearly tripling at the Greater London Authority as it repeatedly raised council tax has prompted calls to ensure the funds are “used more effectively” in next year’s budget to avoid putting...
Local authority reserves collectively rose again last year, as many councils diverted funding to build up their buffers in the absence of a long-term funding settlement, CIPFA has said.
Durham County Council has approved plans to fund the expansion of a local science and technology centre, which will be funded through its own resources.
The UK government refused a request from Scottish finance secretary Kate Forbes for £1.7bn of additional funding to support the Holyrood administration’s Budget for 2021-22, it has emerged.
Levels of reserves for councils in England dropped by £900m in 2019-2020 to £23.7bn, according to outturn figures published by the Ministry for Housing, Communities and Local Government.
Moray Council risks depleting its entire fund reserves in just four years as it attempts to offset annual deficits, the Scottish Accounts Commission has warned.
Local authorities in the UK are set to experience higher fiscal pressures resulting from the coronavirus pandemic than other leading European nations, according to ratings agency Moody’s.
Low funding and dwindling reserves mean a local authority in Derbyshire risks considering an unbalanced budget by 2021-22, councillors have been warned.
English local authorities expect austerity to continue, according to CIPFA chief executive Rob Whiteman, as latest figures showed they have added to their reserve levels.
