Luton Borough Council has approved the borrowing of £60m, which it then intends to lend to its wholly-owned London Luton Airport Ltd as it seeks to offset losses resulting from Covid-19.
The Department for Education's upcoming 10-year reform programme must include a “clear vision on the structure and funding of the college sector”, the National Audit Office has said.
Peterborough City Council is to review the running of cultural and leisure services in the city, following the termination of its outsourcing agreement and transfer of responsibilities for running...
The UK government should look to create its own state aid system after the Brexit transitional agreement ends, according to the Institute for Government.
The coronavirus pandemic has led to local authorities exploring different paths for borrowing, says Merrick Cockell, chair of the UK Municipal Bonds Agency.
Local-authority-to-local-authority borrowing continues to rise, as short-term borrowing rates dropped to 0% last week, according to local government treasury advisors Arlingclose.
Harrow Council has agreed to create a regeneration joint venture worth up to £600m with developer Wates Residential, with plans including a new civic centre, school and up to 1,500 homes.
Imposing tax increases too early could “stifle” the UK’s economic recovery from the coronavirus pandemic, a report from the Treasury Select Committee has warned.
The government’s Internal Market Bill could make a future free trade deal with the European Union harder, leaving UK GDP 2% worse off, according to ratings agency Fitch.
There is “no comparison” between the proposed new oversight body to take charge of local authority audit, and the defunct Audit Commission, according to Sir Tony Redmond.
The government has announced £500m of funding for community-wide Covid-19 testing pilots, in a bid to explore the benefits of repeatedly testing people.
Moray Council risks depleting its entire fund reserves in just four years as it attempts to offset annual deficits, the Scottish Accounts Commission has warned.
Northamptonshire County Council has approved proposals for West Northamptonshire to be the administering authority of its pension fund when the authority comes into force next year.
Local Government Pensions Schemes will be given greater flexibility to review contributions rates under new proposals from the government following Covid-19.
Croydon Council has said it cannot guarantee it will not issue a section 114 notice this year, amid reports it is seeking permission to use capital resources to fund services.
The government has an opportunity to use its proposed shake-up of business rates to incentivise energy efficiency measures in commercial property, says Kevin Muldoon-Smith.
Local authorities in the UK are set to experience higher fiscal pressures resulting from the coronavirus pandemic than other leading European nations, according to ratings agency Moody’s.
