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1 Mar 22
Slough Borough Council says it needs a minimum of £479m in support from central government – a figure it claims could rise much higher if it fails to meet “challenging” savings targets.
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1 Feb 22
Crisis-hit Slough Borough Council has asked central govenment for £270m of financing flexibilities to help address historic deficits and reduce debts next year.
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15 Dec 21
Nottingham City Council has issued a Section 114 notice over the “unlawful” use of almost £16m of funds which should have been allocated for housing.
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14 Dec 21
Cash-strapped Slough Borough Council could be facing financial pressures of more than £300m by 2025, according to its finance director.
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8 Dec 21
Copeland Borough Council is at risk of issuing a section 114 notice unless it receives further exceptional support, according to a government-commissioned review.
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1 Dec 21
The government has appointed two senior local government officials as commissioners to oversee the financial recovery of cash-strapped Slough Borough Council, following two critical independent...
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28 Sep 21
Slough Borough Council is seeking to extend short-term borrowing from other local authorities, to help ease its financial pressures.
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18 Aug 21
The London Borough of Croydon has appointed its fourth finance director in less than three years, as the council strives to improve its financial situation.
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2 Aug 21
Crisis-hit Slough Borough Council is unlikely to recover £10m of “inappropriately authorised loans” for the removal of cladding at an authority-owned tower block, ...
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26 Jul 21
Slough Borough Council will need to recoup hundreds of millions of pounds from property sales to help fill a budget deficit following this month’s Section 114 notice, according to its finance chief.
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19 Jul 21
Councils should be legally required to comply with CIPFA's Prudential Code to help curb risky investments, according to MPs.
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2 Jul 21
CIPFA has praised Slough Borough Council’s finance director on the decision to publish a section 114, freezing all non-essential spending as the authority attempts to balance its budget.
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1 Jul 21
Slough Borough Council is set to issue a Section 114 notice – banning all unplanned spending – on Friday, PF understands.
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18 Jun 21
The London Borough of Croydon has rejected the first offer to buy its housing subsidiary Brick by Brick, according to advisors.
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7 Jun 21
Government inspectors pulled no punches in their final assessment of Northamptonshire County Council’s management in the run up to their intervention in May 2018. Read their full list of 13...
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28 May 21
A new mechanism is needed to provide the government and public with an early warning system prior to the publishing of section 114 notices, Public Accounts Committee chair Meg Hillier told PF.
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14 May 21
Legislation aimed at flagging up financial issues in UK local authorities is outdated and needs an overhaul, according to London Borough of Croydon's interim finance chief.
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26 Apr 21
The current system, rather than building in checks and balances, has built a bank of spectators unable or unwilling to intervene until the vehicle has crashed, says councillor Graham Chapman.
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31 Mar 21
The London Borough of Croydon has withdrawn its section 114 notice, following the government’s decision to grant support allowing the authority to balance its 2020-21 budget.
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26 Mar 21
Section 114 notices are unfit for purpose, two senior officers at the London Borough of Croydon – which issued two last year due to financial problems – told MPs this week.
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22 Feb 21
Experienced local government finance officer Chris Buss is joining London Borough of Croydon as director of finance on an interim basis, after the resignation of current post holder Lisa Taylor.
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14 Jan 21
London Borough of Croydon is likely to lend more money to its cash-strapped housing company Brick by Brick, it has revealed.
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5 Jan 21
Cash-strapped London Borough of Croydon will not need to issue a third section 114 notice this financial year, after advice from CIPFA.
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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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2 Dec 20
The London Borough of Croydon has issued a second section 114 notice after it was unable to make sufficient cuts to balance a forecast £66m overspend in its budget this year.
1 Mar 22Slough Borough Council says it needs a minimum of £479m in support from central government – a figure it claims could rise much higher if it fails to meet “challenging” savings targets.
15 Dec 21Nottingham City Council has issued a Section 114 notice over the “unlawful” use of almost £16m of funds which should have been allocated for housing.
8 Dec 21Copeland Borough Council is at risk of issuing a section 114 notice unless it receives further exceptional support, according to a government-commissioned review.
18 Aug 21The London Borough of Croydon has appointed its fourth finance director in less than three years, as the council strives to improve its financial situation.
2 Aug 21Crisis-hit Slough Borough Council is unlikely to recover £10m of “inappropriately authorised loans” for the removal of cladding at an authority-owned tower block, ...
19 Jul 21Councils should be legally required to comply with CIPFA's Prudential Code to help curb risky investments, according to MPs.
7 Jun 21Government inspectors pulled no punches in their final assessment of Northamptonshire County Council’s management in the run up to their intervention in May 2018. Read their full list of 13...
28 May 21A new mechanism is needed to provide the government and public with an early warning system prior to the publishing of section 114 notices, Public Accounts Committee chair Meg Hillier told PF.
14 May 21Legislation aimed at flagging up financial issues in UK local authorities is outdated and needs an overhaul, according to London Borough of Croydon's interim finance chief.
26 Apr 21The current system, rather than building in checks and balances, has built a bank of spectators unable or unwilling to intervene until the vehicle has crashed, says councillor Graham Chapman.
31 Mar 21The London Borough of Croydon has withdrawn its section 114 notice, following the government’s decision to grant support allowing the authority to balance its 2020-21 budget.
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.
