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...
Warrington Borough Council has done a U-turn on its treasury management strategy policy of avoiding minimum revenue repayments on its commercial investment properties, a move that will cost it...
Institute for Fiscal Studies director Paul Johnson tells PF that the ambitious nature of the ‘levelling up’ white paper is both a strength and a potential weakness.
A lack of tax raising powers for devolved authorities in the ‘levelling up’ white paper means local areas will lack the resources needed to transform local economies, according to one local...
The average amount of gross external borrowing by local authorities in England fell in 2020-21, as borrowing restrictions and Covid-19 impacted the sector, according to CIPFA's latest update of its...
Edinburgh City Council is set to allocate up to £9.25m per-year from 2024 to fund the expansion of its tram network, following reduced fare income from Covid-19.
Crisis-hit Slough Borough Council has asked central govenment for £270m of financing flexibilities to help address historic deficits and reduce debts next year.
External auditors for an East Midlands authority will review financial reporting arrangements after identifying fraudulent payments in the council's 2019-20 financial statements.
A borough council paid a social care provider £1.2m more than it was owed, due to a “lack of a common understanding of roles and responsibilities”, according to an internal audit.
London Borough of Croydon failed to ensure it was acting lawfully over an agreement with its housing subsidiary Brick by Brick on a major regeneration project, auditors have found.
Negative publicity surrounding recent failures by local authority companies should not be the only factor shaping the rules on where councils can invest their money, argues Chris Buss.
External auditors are set to qualify a London borough's statement of accounts for 2018-19 and 2019-20 on a number of grounds, including a failure to consolidate financial statements of...
A senior consultant at CIPFA is set to take over as interim section 151 officer at Peterborough City Council, as the authority seeks financial stability.
The government’s forthcoming Levelling Up White Paper needs to dispel the impression that the government sees it mainly as a means of channelling investment in physical infrastructure, says Leah...
A housing subsidiary to which Cambridgeshire County Council has loaned £114m is at risk of failing to deliver on its business case, according to an independent report.
