Slough Borough Council says it needs a minimum of £479m in support from central government – a figure it claims could rise much higher if it fails to meet “challenging” savings targets.
Devolving control of some taxes to local authorities could harm the 'levelling up' agenda by deepening financial issues in poorer regions, a senior minister has warned.
The London Borough of Croydon has warned it is at risk of issuing a Section 114 notice next year, after auditors raised questions about the accounting treatment of £73m received from subsidiary...
The former operator of London and South Eastern Railway has returned £50m of funding overpayments to central government - more than £25m originally estimated.
The UK government could fund its ‘levelling up’ ambitions by raising taxes on high income earners without increasing the national deficit, according to the International Monetary Fund.
The Bank of England is set for only modest interest rate tightening in the coming months to deal with high inflation fuelled by supply chain backlogs, according to a senior official.
The Department for Levelling up Housing and Communities could be forced to spend more of its budget removing dangerous Grenfell-style cladding, according to local government secretary Michael...
The government’s announcement that it will remove bespoke Covid-19 funding could reduce councils' capacity to respond to new pandemic outbreaks, according to sector leaders.
The government has agreed to extend Transport for London’s support package until the end of this week, as the network seeks an agreement on a long-term funding settlement.
The London Borough of Newham has reached an out-of-court settlement with Barclays Bank over alleged rigging of borrowing rates on lender option borrower option (LOBO) loans, a deal...
The leader of Portsmouth City Council has suggested that the authority could withdraw its involvement from a community bank in which it has invested £15m, after a “worrying” lack of progress.
North Yorkshire County Council is set to use £7.7m of reserves to balance its 2022-23 budget, to smooth the transition to becoming a new unitary authority by avoiding cuts.
Norfolk County Council has been granted permission by a US court to file a class action lawsuit against tech giant Apple, over allegations of misleading revenue predictions.
The London Borough of Croydon is set to sell two properties to reduce the amount of borrowing it needs to fund exceptional capital freedoms granted by central government.
Local authority organisations have warned that changes that would change the way councils account for debt servicing on commercial property borrowing could have a “devastating” impact on...
An Essex council is set to borrow up to £100m to lend to local businesses that cannot access mainstream lending for projects supporting regeneration within the borough.
Local authorities in the UK borrowed just £130m from the Public Works Loan Board in January, as the cost of borrowing leapt following December's Bank of England interest rate rise.
The government faces four key challenges if it wants to meet its aim of getting Local Government Pension Schemes to step-up investment in regional economies as part of 'levelling up', says...
The government is set to issue new guidance and amend legislation to enable further pooling of NHS and healthcare budgets, in a bid to improve integration.
The London Borough of Croydon has launched an internal fraud probe into a major council-run regeneration project, and has handed a critical public interest report from its auditors to the...
