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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Legislation aimed at flagging up financial issues in UK local authorities is outdated and needs an overhaul, according to London Borough of Croydon's interim finance chief.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The London Borough of Croydon has withdrawn its section 114 notice, following the government’s decision to grant support allowing the authority to balance its 2020-21 budget.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.
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27 Nov 20
Making hard choices is the only way for London Borough of Croydon to bounce back from the financial brink, says the authority’s cabinet member for finances.
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25 Nov 20
Croydon Council has been unable to set out more than £11.2m of in-year savings towards a £67m shortfall this year – saying the task is impossible without central government support.
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23 Nov 20
The financial performance of London Borough of Croydon’s commercial companies and other ventures have consistently missed forecasts outlined in their business plans, according to a review.
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16 Nov 20
The Local Government Association has launched an investigation into whether disciplinary action should be taken in relation to senior management actions at financially-stricken London Borough of...
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13 Nov 20
In February 2018, Mark McLaughlin became the first section 151 officer in almost 20 years to issue a section 114 notice. Writing exclusively for PF, Northamptonshire’s former finance director makes a...
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13 Nov 20
Section 151 officers face a 'tipping point’ requiring tough decisions on whether to follow London Borough of Croydon in issuing a section 114 notice, CIPFA chief executive Rob Whiteman has told MPs.
26 Jul 21Slough 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.
19 Jul 21Councils should be legally required to comply with CIPFA's Prudential Code to help curb risky investments, according to MPs.
1 Jul 21Slough Borough Council is set to issue a Section 114 notice – banning all unplanned spending – on Friday, PF understands.
18 Jun 21The London Borough of Croydon has rejected the first offer to buy its housing subsidiary Brick by Brick, according to advisors.
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.
27 Nov 20Making hard choices is the only way for London Borough of Croydon to bounce back from the financial brink, says the authority’s cabinet member for finances.
13 Nov 20In February 2018, Mark McLaughlin became the first section 151 officer in almost 20 years to issue a section 114 notice. Writing exclusively for PF, Northamptonshire’s former finance director makes a...
13 Nov 20Section 151 officers face a 'tipping point’ requiring tough decisions on whether to follow London Borough of Croydon in issuing a section 114 notice, CIPFA chief executive Rob Whiteman has told MPs.
