Lancashire County Council has delayed signing off its accounts for the last financial year after auditors raised concerns over the treatment of a £50m LOBO loan.
Mario Pisani and Neeraj Patel from the Treasury talk about their department and the Bank of England’s revamped working relationship, which aims to ensure the Bank is more resilient to...
A new publicly owned bank is to invest £2bn over the next decade to make Scotland’s economy fairer and more prosperous, the Scottish Government has said.
Local authorities are struggling to repay loans as a result of a “pernicious” rule change by the Public Works Loan Board, a financial risk analysis website has said.
Brexit is likely to hamper much-needed local government reform over the next 10 years, CIPFA chief executive Rob Whiteman has told a conference this morning.
In a new report, Time for change: Payment Practices in Local Government, Oxygen Finance examines local government payment performance and the complexities around resolving the issue of late payment.
Some £330m from dormant bank and building society accounts will be distributed to charities and social programmes over the next four years, sport and civil society minister Tracey Crouch has said.
Public consultation on the Scottish Government’s plan for a Scottish National Investment Bank has ended with a plea from a left-of-centre think-tank to give the bank a clear social mission.
The first sale of shares in the Royal Bank of Scotland lost the government £1.9bn but was still value for money, according to the National Audit Office.
Lloyds Banking Group, which was bailed out with £20.3bn by the government, has now returned to private ownership, netting the public purse nearly £900m in the process.
Public sector net borrowing for the financial year ending March 2017 has decreased by £20bn to £52bn compared to the previous financial year, according to the latest figures from the...
