The Treasury has confirmed that its Dormant Assets Scheme is to be expanded to cover accounts in insurance, pensions, investment, wealth management and securities sectors.
Somerset County Council is to write to the prime minister Boris Johnson refuting claims by a county MP that the authority incorrectly used Covid-19 grant funding to balance its books.
Councillors at Lincolnshire County Council have rejected the option of using the 3% increase to the adult social care precept next year which was announced during the local government settlement.
The Ministry of Justice failed to meet either of its financial management targets outlined in the 2015 Spending Review, according to the National Audit Office.
Local authorities borrowed £252m from the Public Works Loan Board in December, the highest sum borrowed since April, following November’s one percentage point drop in borrowing rate.
Core funding for councils in England is set to be 3% lower in real terms per head next year than in 2015-2016, according to the Institute for Fiscal Studies.
Merton Council plans to wind up its wholly owned housing company Merantun Development Ltd, after the company’s business case was deemed “no longer viable”.
The recent restrictions imposed on borrowing from the Public Works Loan Board will make budget management in the medium term more challenging, ratings agency Moody’s has said.
Local government secretary Robert Jenrick is to appoint an expert panel to help address “appalling” financial management issues at Nottingham City Council, following a government rapid review.
The government is to reduce the New Homes Bonus to free up funding for local authority grants, it announced as part of the provisional local government finance settlement.
Spelthorne Borough Council is budgeting for an increase in income from its commercial property portfolio during the current financial year, enabling it to underspend its budget by £1.5m.
Leeds City Council has withdrawn its application for permission to use capital resources on day-to-day services following a funding boost from government.
A mechanism to give private investors control of public nuclear projects is still considered a “credible basis” for funding the sector, the government said today as it launched its energy white paper.
The Scottish Police Authority was unable to balance its budget for the second year running and remains financially unsustainable, Audit Scotland has warned.
The NHS Test and Trace Service is expected to cost £22bn this year, despite struggling to meet targets on testing and contracting tracing, the National Audit Office has said.
A new digital border system is to cost the Home Office an additional £173m following a suspension in development, according to the National Audit Office.
A team sent in by ministers has concluded that Nottingham City Council cannot set a balanced budget for next year without government support, according to a leaked report.
NHS Tayside’s high running costs remain a risk, although the health board has improved its financial management, the Scottish spending watchdog has said.
More than half of local authority audit opinions for 2019-20 missed the extended 30 November deadline, according to oversight body Public Sector Audit Appointments.
