The revamped version of the private finance initiative – dubbed PF2 – has been little used and has few major differences from its predecessor, the National Audit Office has found.
A likely delay in 100% business rate retention has left councils facing a financial cliff edge in 2019-20, the Local Government Association has warned.
Councils need greater devolution and more funding, local government leaders said after the chancellor announced in the Budget London councils will pilot 100% business rate retention in 2018-19.
The government did not sufficiently appraise alternative ways to finance the Hinkley power plant deal that might have offered better value for money, a Public Accounts Committee report has found.
British government departments have been asked to propose projects for overseas aid where there is clear potential for high-impact work in financial services, insurance, business services,...
A draft version of Labour’s manifesto has leaked revealing the party’s plans to end the public sector pay cap, build 100,000 council homes and nationalise the railways.
Labour would use £200bn of public funds currently invested each year in the private sector to “upgrade” the British economy, leader Jeremy Corbyn said today.
Plans to allow local authorities to retain 100% of business rates are at risk of delay and may fail to deliver financial self-sufficiency for councils or a boost to local growth, the National Audit...
Local enterprise partnerships helped generate more than £7bn in private sector investment since they were introduced six years ago, research from the organsiations has claimed.
Constant upheaval and changes of direction in government policy are hugely costly in both human and economic terms, the Institute for Government warns in a paper published today.
Local authorities are to share a £300m pot for discretionary business rate reliefs to help firms facing higher bills due to next month’s revaluation of the levy, chancellor Philip Hammond...
April’s business rate revaluation will see £400m transferred from London councils to authorities in the North, according to an analysis by the Institute for Fiscal Studies.
The government’s industrial strategy green paper recognises that intervention is needed to rebalance the economy, but downplays a hands-on role for the state and the loss of EU funds
Local government secretary Sajid Javid has defended the government’s revaluation of business rates, stating that thousands of businesses across the country will get lower bills as a result of...
Small business have urged chancellor Philip Hammond to use next month’s Budget to provide them with transition support amid mounting concerns about the impact of April’s business rate...
The government should postpone forthcoming increases in business rates until the UK has left the European Union in order to protect businesses at a time of economic uncertainty, according to one...
