A public sector fund run by fund manager CCLA has reached £1bn for the first time since its launch in 2011, due to the financial uncertainty surrounding the coronavirus pandemic.
Local authorities could need an extra £6bn to cover the costs of coping with the coronavirus pandemic this financial year, according to analysis from the Local Government Association.
The Financial Reporting Advisory Board has considered options to report financial positions while maintaining accountability, writes CIPFA’s Don Peebles.
Liverpool’s combined authority has warned its funding gap could hit £250m as a result of the coronavirus pandemic, and has written to the government calling for ‘fairer funding’.
Spelthorne Borough Council has received 90% of its March quarter rent due on its commercial assets, despite the economic disruption caused by the coronavirus pandemic.
Public sector borrowing hit a record £62.1bn in April 2020, during the first full month of Covid-19 lockdown measures, according to the Office for National Statistics.
Warrington Borough Council is to consider plans for a ‘community municipal bond’ investment to help meet its climate targets, after West Berkshire approved a similar scheme earlier this month.
Measures put in place by the government to help reduce the impact of the coronavirus pandemic have cost £124.3bn, according to the National Audit Office.
A review into Transport for London’s funding and finances is to begin immediately, transport secretary Grant Shapps has announced, following the agreement of a controversial £1.6bn rescue package...
The HS2 high-speed rail project has gone “badly off course” and the government needs regular, accurate and open updates on the problems the project is facing, according to a report from the Public...
London mayor Sadiq Khan has criticised the government’s support package for Transport for London, calling the deal “a sticking plaster” and arguing that Londoners will pay “the cost for doing the...
The Ministry of Defence has left the taxpayer facing huge costs due to “poor contract design and management”, according to a Public Accounts Committee report.
Short-term deficit fixes have made some parts of the NHS financially unsustainable, and new proposals to restructure and write off debt are only part of the solution, argues the Healthcare...
A small number of councils buying commercial property purely to make money should not result in a complete overhaul of CIPFA’s guidelines on investment, chief executive Rob Whiteman has told MPs.
Councils should look into the Municipal Bonds Agency for their borrowing, and the increasing number of authorities doing so shows it has an important role to play, argues law firm Browne Jacobson's...
During this unprecedented crisis, we have heard many fantastic stories of public sector finance professionals and their colleagues going the extra mile to help deliver frontline public services.
A “radical economic package” should be put in place to help kick-start the economy post-coronavirus, according to a report from the Institute for Government.
The Police Service of Northern Ireland has seen a real-term budget decrease of 20% over the past decade – equivalent to £200m – according to a report from the Northern Ireland Audit Office.
The government must address the “inherent flaws and unfairness’” in its IR35 framework, according to a report from the House of Lords Economic Affairs Finance Bill Sub-Committee.
