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25 Nov 20
Nobody expected the 2020 Spending Review to slam the brakes on, but a prolonged period with no formal fiscal framework will start causing the chancellor new headaches, says Dan Corry.
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25 Nov 20
Catch up with the main spending announcements in today’s settlement, which chancellor Rishi Sunak says means the fastest revenue spending growth for 15 years, even excluding the Covid-19 response.
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25 Nov 20
The government has reversed its October 2019 hike in the Public Works Loan Board borrowing rate and introduced a ‘ban’ on councils borrowing to raise revenue from commercial property.
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25 Nov 20
Croydon Council has been unable to set out more than £11.2m of in-year savings towards a £67m shortfall this year – saying the task is impossible without central government support.
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24 Nov 20
The government has been given until 10 December to respond to a legal challenge over local government exit payments tabled by two local authority groups, their lawyer has told PF.
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24 Nov 20
A council granted a capitalisation direction in March has warned it could be forced to deplete its usable reserves down to “unsustainable levels” to help meet an £11m funding gap.
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23 Nov 20
More than half of English councils could be at risk of financial failure by 2023 if the Spending Review merely maintains funding levels, a report from financial adviser Grant Thornton has found.
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18 Nov 20
Reports of the long-term death of the city centre might have been greatly exaggerated.
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18 Nov 20
London Borough of Bexley is in discussions with government over a possible application to use £15m of capital resources to fund revenue spending.
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18 Nov 20
Uncertainty surrounds Whitehall’s commitment to releasing its grip on spending levers. Rachel Wilcox reports.
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16 Nov 20
The Local Government Association has launched an investigation into whether disciplinary action should be taken in relation to senior management actions at financially-stricken London Borough of...
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16 Nov 20
Almost two-thirds of council asset managers think their organisation will be able to reduce office floorspace by more than a quarter when the Covid-19 pandemic is over.
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13 Nov 20
Ealing Council has approved plans to borrow more than £390m over 50 years to on-lend to its housing company to build more than 1,300 affordable homes over the next six years.
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13 Nov 20
Section 151 officers face a 'tipping point’ requiring tough decisions on whether to follow London Borough of Croydon in issuing a section 114 notice, CIPFA chief executive Rob Whiteman has told MPs.
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12 Nov 20
Around 80% of county and unitary authorities are expected to make cuts next year in order to set a balanced budget, according to a survey from the County Councils Network.
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12 Nov 20
The government has botched the introduction of the £95,000 exit cap for the Local Government Pension Scheme, says Ian Colvin.
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11 Nov 20
Croydon Council has issued a section 114 notice banning all non-essential spending, due to the “severe ongoing financial challenges” facing the authority.
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11 Nov 20
An investment strategy agreed by Cotswold District Council to borrow more than four times its annual budget has been labelled deeply concerning by its opposition leader.
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10 Nov 20
A 25% increase in audit fee variation rates for 2020-2021 is being proposed by the Public Sector Audit Appointments, following recommendations from the Redmond Review.
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9 Nov 20
Councils in England are set to receive an additional £170m in government funding following a government U-turn over additional support for low-income families this winter.
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6 Nov 20
Manchester City Council is set to fundamentally review its size and structure, warning that efficiency savings cannot not cover a forecast £135m funding gap next year.
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5 Nov 20
The UK government's planning white paper underestimates the complex relationship between new homes and the communities they are built in, says Dr Alison Knight.
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4 Nov 20
Sir Tony Redmond says that his proposals would improve England’s broken local authority audit system while improving financial transparency.
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4 Nov 20
Ipswich Borough Council has approved plans to use all but £50,000 of its usable reserves above its legal buffer by March 2024, to help offset future Covid-19 pressures.
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3 Nov 20
A bond totalling £250m, set to be issued by a London council has been priced at 1.7% – below the rate available from the Public Works Loan Board.
25 Nov 20Nobody expected the 2020 Spending Review to slam the brakes on, but a prolonged period with no formal fiscal framework will start causing the chancellor new headaches, says Dan Corry.
25 Nov 20Catch up with the main spending announcements in today’s settlement, which chancellor Rishi Sunak says means the fastest revenue spending growth for 15 years, even excluding the Covid-19 response.
25 Nov 20The government has reversed its October 2019 hike in the Public Works Loan Board borrowing rate and introduced a ‘ban’ on councils borrowing to raise revenue from commercial property.
25 Nov 20Croydon Council has been unable to set out more than £11.2m of in-year savings towards a £67m shortfall this year – saying the task is impossible without central government support.
24 Nov 20The government has been given until 10 December to respond to a legal challenge over local government exit payments tabled by two local authority groups, their lawyer has told PF.
24 Nov 20A council granted a capitalisation direction in March has warned it could be forced to deplete its usable reserves down to “unsustainable levels” to help meet an £11m funding gap.
23 Nov 20More than half of English councils could be at risk of financial failure by 2023 if the Spending Review merely maintains funding levels, a report from financial adviser Grant Thornton has found.
18 Nov 20Reports of the long-term death of the city centre might have been greatly exaggerated.
18 Nov 20London Borough of Bexley is in discussions with government over a possible application to use £15m of capital resources to fund revenue spending.
18 Nov 20Uncertainty surrounds Whitehall’s commitment to releasing its grip on spending levers. Rachel Wilcox reports.
13 Nov 20Ealing Council has approved plans to borrow more than £390m over 50 years to on-lend to its housing company to build more than 1,300 affordable homes over the next six years.
13 Nov 20Section 151 officers face a 'tipping point’ requiring tough decisions on whether to follow London Borough of Croydon in issuing a section 114 notice, CIPFA chief executive Rob Whiteman has told MPs.
12 Nov 20Around 80% of county and unitary authorities are expected to make cuts next year in order to set a balanced budget, according to a survey from the County Councils Network.
12 Nov 20The government has botched the introduction of the £95,000 exit cap for the Local Government Pension Scheme, says Ian Colvin.
11 Nov 20Croydon Council has issued a section 114 notice banning all non-essential spending, due to the “severe ongoing financial challenges” facing the authority.
11 Nov 20An investment strategy agreed by Cotswold District Council to borrow more than four times its annual budget has been labelled deeply concerning by its opposition leader.
10 Nov 20A 25% increase in audit fee variation rates for 2020-2021 is being proposed by the Public Sector Audit Appointments, following recommendations from the Redmond Review.
9 Nov 20Councils in England are set to receive an additional £170m in government funding following a government U-turn over additional support for low-income families this winter.
6 Nov 20Manchester City Council is set to fundamentally review its size and structure, warning that efficiency savings cannot not cover a forecast £135m funding gap next year.
5 Nov 20The UK government's planning white paper underestimates the complex relationship between new homes and the communities they are built in, says Dr Alison Knight.
4 Nov 20Sir Tony Redmond says that his proposals would improve England’s broken local authority audit system while improving financial transparency.
4 Nov 20Ipswich Borough Council has approved plans to use all but £50,000 of its usable reserves above its legal buffer by March 2024, to help offset future Covid-19 pressures.
3 Nov 20A bond totalling £250m, set to be issued by a London council has been priced at 1.7% – below the rate available from the Public Works Loan Board.
19 Oct 20 to 22 Oct 20
19 Oct 20 to 22 Oct 20
