An English county council is set to reallocate funds earmarked for construction projects to help close a forecast £4.5m gap in its structural maintenance programme as soaring inflation puts pressure...
A council in south east England has discussed its high debt levels with the government, amid concerns it could fall foul of proposed capital risk interventions.
Seventeen district and borough councils in England will receive directions from the government limiting capital spending and procurement before they are replaced by new unitary authorities next year.
The government is set to restrict new local authority borrowing from the Public Works Loan Board if it believes the council is at risk of not repaying.
CIPFA / LASAAC has launched an urgent consultation on changes to the local authority accounting code to deal with infrastructure reporting issues currently holding up the sign-off of some sets of...
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.
