A capitalisation direction to be considered by Nottingham City Council on Friday will be used to spread losses from its failed energy company which left a £38m hole in council finances.
Councils’ ability to handle Covid-19 test and trace responsibilities have been hampered by a lack of clarity on funding levels, according to the Public Accounts Committee.
The government’s 2021 Budget spending plans are at risk because they assume no Covid-19-related support after next year, according to the chairman of the Office for Budget Responsibility.
Central government has given London Borough of Croydon permission to use £70m of capital resources on revenue spending in order to balance its budget – with another £50m likely to follow.
The first year of full compliance with the Financial Management Code is upon us – but authorities have flexibility to interpret it to fit their circumstances
Ahead of the first full year of compliance with the Financial Management Code, Joanna Pitt, local government policy manager at CIPFA, gives a run down of the new guidance.
A new inquiry launched by Parliament's Housing, Communities and Local Government Committee will investigate how Covid-19 has impacted the adult social care sector.
Rishi Sunak's plans rely on an optimistic vision of the future and implausible spending targets, say Institute for Fiscal Studies research economists Ben Zaranko and Isabel Stockton.
Budget measures imply the government will have borrowed an ‘unprecedented’ £570bn over this financial year and next, according to the Office for Budget Responsibility.
Council estimates for 2020-21 cost pressures resulting from Covid-19 have risen by 3.5% over the past month, according to statistics from the Ministry for Housing, Communities and Local Government.
The Treasury has completed the sale of Bradford and Bingley and NRAM, formerly Northern Rock, for £5bn, after the banks were brought under government control during the financial crisis.
Leeds City Council has approved its budget for 2021-22, which will usher in £87.5m worth of budget reductions alongside redundancies and a 4.99% rise in council tax.
A High Court judge has thrown-out a legal challenge tabled by eight local authorities against lender Barclays Bank over historic Lender Option Borrower Option loans.
The UK government refused a request from Scottish finance secretary Kate Forbes for £1.7bn of additional funding to support the Holyrood administration’s Budget for 2021-22, it has emerged.
Torbay Council has become the latest authority to shelve its planned commercial investment following PWLB rules changes – scrapping £68m of its planned programme.
The Department for Environment, Food and Rural Affairs was unable to provide evidence that the value of flood barriers and other infrastructure was not misstated in its 2019-20 accounts, according to...
The University of Stirling is launching a major new research project examining how local authorities procured goods, works and services during Covid-19.
The value of two retail investment properties purchased by North Somerset Council has dropped by more than £26m in the three years since they were purchased due to Covid-19.