Councils could speed up infrastructure and affordable housing delivery by borrowing against its proposed new infrastructure levy according to the government’s consultation on planning reform.
Proposed planning reforms announced today could raise more money for affordable homes and infrastructure by replacing the current system of developer contributions, according to the government.
Cornwall Council is to become the first council in England to pass on government funding and provide financial support for parish and town councils impacted by the coronavirus pandemic.
The Bank of England will continue to review the potential of negative interest rates, to help stimulate the UK’s economic recovery from Covid-19, it said today.
Bristol City Council has relaunched a tender for a partnership deal to help with the decarbonisation of energy in the city, after the initial process was criticised by bidders.
Communities secretary Robert Jenrick has promised to lobby the Treasury “very strongly” to ensure councils receive the funding they need at the Comprehensive Spending Review.
The Royal Borough of Windsor and Maidenhead has approved an action plan after a CIPFA report highlighted a lack of transparency around the financial implementation of capital schemes.
Basingstoke and Deane Borough Council and Hampshire County Council have signed a contract with developer Urban and Civic to deliver a £1.2bn housing project.
Changes to the current Public Works Loan Boards lending terms should avoid “unintended consequences” that harm regeneration projects, CIPFA has warned.
Tramlink, a Private Finance Initiative which runs Nottingham City Council’s tram network is losing £404,000 a week as a result of Covid-19, the authority has revealed.
Kirklees Council has agreed to underwrite up to £4m of losses to ensure the medium and long-term future of its leisure services provider Kirklees Active Leisure.
Savings made by private sector firms and employees during lockdown could help pay for tax rises to cover the repayment of government Covid-19 debt, according to the National Institute of Economic and...
Ratings agency Standard and Poor’s has downgraded the credit rating of an NHS hospital Private Finance Initiative company after identifying “strained relationships” with its commissioning trust.
The UK’s economic recovery from Covid-19 may not take place until late-2024, as hopes of a V-shaped recovery “diminish”, according to economists at advisory firm EY.
Additional grant funding of around £10bn will be required if the government is to meeting social housing demand, according to the Housing, Communities and Local Government Committee.
Local government secretary Robert Jenrick has hinted that the government could introduce council tax and business rate reimbursement schemes to help local authorities deal with the financial...
Bank of England chief economist Andy Haldane has suggested negative interest rates could be implemented if further negative shocks are felt in the economy.
The Institute for Fiscal Studies has warned the comprehensive spending review could lead to less money for spending departments than was trailed in March’s Budget, due to the Covid-19 pandemic.
Local authority borrowing continued to rise in June to £3bn, £100m more than in May, and ten times higher than the figure for June 2019, according to figures from the Office for National Statistics.
