Rental arrears for properties owned by Liverpool City Council almost doubled last year, as Covid-19 impacted on commercial tenants’ ability to cover payments.
Hertfordshire County Council has been able to claw-back 96% of historical deposits in failed Icelandic banks after final payments were made last year, it has emerged.
A city council will take on £107m of debt to repay £65m of 'lender option, borrower option' loans, but still expects to save £18m over the life of the debt.
Crisis-hit Slough Borough Council is unlikely to recover £10m of “inappropriately authorised loans” for the removal of cladding at an authority-owned tower block, ...
Slough Borough Council will need to recoup hundreds of millions of pounds from property sales to help fill a budget deficit following this month’s Section 114 notice, according to its finance chief.
A worst case scenario with repeated lockdowns and a slow economic recovery would leave a county council in southern England with a shortfall of £220.3m from next year until 2024-25, the...
New CIPFA president Mike Driver leads the UK government’s Covid-19 managed quarantine programme. Post-pandemic, the skills of public finance professionals will be needed like never before, he says.
A Scottish local authority has adopted a checklist for assessing prospective loans to other councils after receiving negative publicity over lending to the struggling London Borough of Croydon.
A London council says that it could face a shortfall of up to £50m between its Covid-19 spending and the money from central government to pay for the pandemic response
Councils need to stop waiting for rules from central government and start working innovatively to transform their services and adapt to the future, a Public Finance Live 2021 panel heard.
Fundamental reform of UK local authority finances is likely to be delayed further by up to two years, to assess Covid-19’s impact on local taxation, according to CIPFA chief executive Rob...
Brighton and Hove City Council has deferred a £1.2m loan payment from Brighton i360, a 530ft viewing tower, to help with its cash flow – over fears the attraction’s failure would cost more in the...
The UK’s debt repayments will be favourable, despite risks stemming from an elevated deficit and future Brexit-related shocks, according to ratings agency Moody’s.
Warwickshire County Council has approved plans to borrow up to £130m over the next five years, which it intends to pass on to businesses to help their long-term recovery from Covid-19.
CIPFA has praised Slough Borough Council’s finance director on the decision to publish a section 114, freezing all non-essential spending as the authority attempts to balance its budget.
The London Borough of Croydon may need to write-off up to £52m in loans to wholly-owned housing firm Brick by Brick, after rejecting the sale of the company.
The Municipal Bonds Agency – aimed at providing cheap borrowing to local authorities – faces doubts over its future after racking up pre-tax losses of £650,000 last year.
An investment company set up to buy commercial property on behalf of two councils has suffered cumulative losses of more than £12.5m since it launched four years ago.
Uttlesford District Council is applying for a credit rating to allow it access to a greater range of borrowing to fund its multi-million programme of out-of-borough commercial investments.