The government has been criticised for its lack of understanding of the effectiveness of tax reliefs, as after a report from the Public Accounts Committee said it knew "too little" about the schemes.
The government may need to rethink its fiscal policy strategy to account for economic shocks happening more frequently than previously assumed, according to the Office for Budget Responsibility.
Thurrock Council has rejected concerns raised in the Financial Times over its investment strategy, which has seen it borrow more than £1bn from other councils.
Moving away from current budgeting principles to ease the pressures of the Covid-19 response would be a retrograde step for local government, writes Rob Whiteman.
The government will need a plan to manage its Covid-related debt in place by the autumn, according to former permanent secretary to the Treasury, Lord Macpherson.
Government borrowing in response to Covid-19 could rise to £500bn in the wake of chancellor Rishi Sunak’s economic package announced yesterday, according to the Institute for Fiscal Studies.
The Department for Health and Social Care needs to devise a capital strategy to address backlog in NHS maintenance work post-Covid-19, a report from the Public Accounts Committee has warned.
Transport for London has borrowed £169m in the last two months from the Public Works Loan Board, as it looks to tackle the financial losses resulting from Covid-19.
Council investment in land and buildings has dropped for the first time since 2011-12, according to data from the Ministry for Housing, Communities and Local Government.
Secretary of state Robert Jenrick has told local authorities he will “try his best” to secure more government funding for councils if it is needed as councils struggle to deal with financial burdens...
PF reveals the scale of the financial challenge posed to councils by Covid-19 and hears how finance chiefs are tackling budgets, given the lack of funding clarity.
£500m additional Covid-19-related funding from central government is not enough to prevent cuts to local authority budgets, according to the Special Interest Group of Municipal Authorities.
Tuesday’s government announcement of infrastructure improvements will lead to more than £3bn extra spending this year relative to the Budget, according to the Institute of Fiscal Studies.
The Royal Borough of Windsor and Maidenhead has been warned it could be forced into a section 114 notice in a CIPFA report which found a flawed process for setting reserve levels.
London mayor Sadiq Khan has asked GLA Group members to consider recruitment freezes, spending cuts and the use of reserves as he seeks to deliver £500m of savings due to the financial hit from Covid-...
Liverpool City Council has submitted a £1.4bn post coronavirus recovery fund to the government, aimed to prevent a socio-economic crisis deeper than the 1980s recession.
The Centre for Public Scrutiny and CIPFA have released a new guide for local authorities in England to support effective financial scrutiny following the Covid-19 pandemic.
The National Audit Office has published new guidance to help audit and risk committees advise their organisations on financial management and reporting during the coronavirus pandemic.
Virtual working and the reallocation of workers to new roles has given Durham County Council’s staff a better understanding of how their council operates, according to John Hewitt, corporate director...
Kerry Lorimer spoke to finance directors to find out how the new CIPFA financial management code was helping them understand the sustainability of their organisation’s finances.
Ministers have been called to temporarily relax the borrowing rules for local authorities to cover-day-day spending, according to a report from the Institute of Fiscal Studies.
