An additional £3bn could be lost from the coronavirus-hit Scottish economy over the next two years if an extension to the Brexit transition period is not agreed, the Scottish Government has warned.
A public sector fund run by fund manager CCLA has reached £1bn for the first time since its launch in 2011, due to the financial uncertainty surrounding the coronavirus pandemic.
Public sector borrowing hit a record £62.1bn in April 2020, during the first full month of Covid-19 lockdown measures, according to the Office for National Statistics.
Local authorities have turned processes upside-down overnight, but staying true to key principles will keep them on track, argues corporate director of resources at the London Borough of Newham...
The number of people claiming unemployment benefit jumped to 2.1 million in April – the first full month of lockdown – according to data from the Office for National Statistics.
The coronavirus outbreak, and the policy response to mitigate its consequences, will have ramifications for public finances that will far outlast the immediate public health crisis. Although the full...
A “precautionary” approach to lifting the lockdown in Scotland will limit the risk of a second wave of the virus north of the border, the Scottish Government has said.
UK GDP contracted by 2% in the first quarter of this year, the biggest drop since the 2008 financial crisis, according to statistics from the Office for National Statistics.
With half of the UK registering productivity levels about the same as the poorer parts of the former East Germany, the prime minister’s pledge to “level up every part of the country” is...
Jake Bacchus, director of financial services at the London Borough of Waltham Forest, tells PF how the authority is coping with the challenges caused by the coronavirus pandemic, and what it is doing...
Colchester Borough Council has become the latest of around 20 authorities to furlough some staff in a bid to offset the financial impacts of the coronavirus pandemic.
The rateable value threshold for business rates reductions should be increased to at least £100,000, according to cross-party group London Councils, which has suggested up to a quarter of businesses...
A “radical economic package” should be put in place to help kick-start the economy post-coronavirus, according to a report from the Institute for Government.
The leaders of all six Oxfordshire councils have warned that the fallout from the coronavirus pandemic could leave some “financially unsustainable” – and urged the government to provide more funding.
