Leading local government figures are warning multiple councils could be at risk of financial collapse after a county council dramatically imposed emergency spending controls.
The rate at which right to buy discounts have been handed out in the past six years has sparked a social housing ‘firesale’, the Local Government Association has warned.
CIPFA has signed a memorandum of understanding with the Institute of Chartered Accountants of Nepal to help boost public financial management in the Asian country.
Ministers have pledged that all public services will be protected following the demise of Carillion, a major contractor responsible for a host of buildings and services across the public sector.
The NHS Confederation has commissioned the Institute for Fiscal Studies and the Health Foundation to provide objective evidence of what will be needed to finance health and care for the next 15 years.
The UK’s public sector borrowing is forecast to increase to £49.9bn during the current financial year, ending in March 2018, according to official figures.
The Ministry of Defence will be left unable to complete its shopping list of new ships, aircraft and combat vehicles because of its inability to achieve efficiency savings, according to MPs.
High Speed Rail 2’s £1.76m of unauthorised redundancy payments could have been avoided with tighter financial control, the Public Accounts Committee has said.
Regulatory changes mean councils will need to look at potential gains and losses more prudently, and may mean higher reserves are needed, says CIPFA's Alison Scott.
The transport provider FirstGroup has announced plans to consolidate its pension scheme assets within the Local Government Pension Scheme, in the first move of its kind by a private sector employer.
Housing Revenue Account borrowing caps will be lifted for local authorities in areas of “high affordability pressures” to build more homes, it was revealed in the Budget today.
The economic outlook for the UK has taken a gloomy turn, with growth expected to stay below 2% over the next five years, suggesting no return to pre-crisis levels.