Crisis-hit Slough Borough Council has asked central govenment for £270m of financing flexibilities to help address historic deficits and reduce debts next year.
Copeland Borough Council is at risk of issuing a section 114 notice unless it receives further exceptional support, according to a government-commissioned review.
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...
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.
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, ...
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.
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.
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...
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.
Legislation aimed at flagging up financial issues in UK local authorities is outdated and needs an overhaul, according to London Borough of Croydon's interim finance chief.
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.
The London Borough of Croydon has withdrawn its section 114 notice, following the government’s decision to grant support allowing the authority to balance its 2020-21 budget.
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.
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.
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.
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.
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.
