CIPFA has welcomed government proposals to take greater intervention powers over council finances, saying they could help identify potential problems at an earlier stage.
The local government secretary will get new powers to direct asset sales and borrowing levels at councils deemed to be at financial risk, under a clause in this week's Levelling Up Bill.
Local authority borrowing from the Public Works Loan Board remains low following four Bank of England interest rates hikes, after councils capitalised on record low finance last year,...
Rating agency Moody’s has downgraded Transport for London’s credit rating for the third time since the onset of Covid-19, partly down to ongoing uncertainty over long-term funding.
The Bank of England's Monetary Policy Committee has hinted that further interest rate rises are on the horizon, after it hiked borrowing rates for the fourth consecutive meeting.
Clive Betts, chair of Parliament's Levelling Up, Housing and Communities Committee has urged the government to provide additional funding to help authorities mitigate services pressures stemming from...
A lack of comprehensive data is hampering the government’s ability to track how funding cuts have impacted councils in England, according to the Institute for Government.
Nottingham City Council will terminate a contract with a subsidiary company managing its housing stock, after an external investigation found it misspent millions of pounds of authority funding.
Public bodies could face pressure from growing direct costs alongside impacts from inflated prices for third party suppliers, according to the Office for National Statistics.
Two West Midlands councils are set to return more than £900,000 of government funding for green homes upgrades, after a shortage of labour and skills meant it could not be spent, it has emerged.
Warwick District Council and Stratford-on-Avon Council have scrapped plans for a unitary authority over concerns surrounding a housing subsidiary company.
The government failed to collect data to determine whether more than £400m spent on Covid-19 travel measures delivered value for money, according to the National Audit Office.
Durham County Council is set to sell a new £50m office which it has not yet occupied, to help reduce costs as the authority moves to more flexible working.
The government’s allocation of a post-Brexit funding pot was a missed opportunity to reform economic development allocations, with many regions receiving cuts, according to experts.
Local Enterprise Partnerships (LEPs) will receive £375,000 funding from central government this year, as bodies prepare plans to merge with combined authorities.
Warrington Borough Council is expected to receive all its investment back from its stake in failed energy firm Together Energy, which went bust in January, according to its administrators.