Leicestershire County Council will ask its schools to transfer £2m of funding to help meet a burgeoning special educational needs deficit, which presents a “significant risk” to the authority.
CIPFA is proposing to boost the information it provides on proposed borrowing restrictions on borrowing for yield in its update to the Prudential Code.
The coronavirus pandemic and tighter government lending rules led to a 41% real-terms contraction in councils' payments for land and buildings last year, according to provisional outturn figures.
A proposed liability benchmark to help local authorities manage their debt needs could save the sector tens of millions of pounds, according to an industry expert.
Amendments to international reporting standards to include a wider range of impacts must go well beyond environmental sustainability, according to CIPFA chief executive Rob Whiteman.
The UK Municipal Bond Agency has confirmed that it hopes to launch at least one bond on behalf of a pool of local authorities in September or October, more than a year after the first authorities...
A group of experts has begun work to help create a set of standards for green investment in the UK, with sustainability becoming increasingly important for investors, including in the public sector.
A district council is planning to invest £56m in commercial property outside its boundaries this year, funded through borrowing from other local authorities.
Torbay Council proposes borrowing at least £45m to lend to a recently-created housing subsidiary, to help boost the number of affordable homes in the borough.
The London Borough Croydon has proposed reprofiling a £69.2m arts centre refurbishment as capital spending, after council subsidiary Brick by Brick was “unable” to fund the project.
A tribunal decision has implications for whether public bodies can keep aspects of their financial activities confidential, writes public sector commercial solicitor Henna Malik.
South Lanarkshire Council has approved the transfer of £8m to its capital programme, after receiving additional Covid-19 funding from the Scottish Government.
Thurrock Council invested £85m in a solar farm scheme based on a "materially false” prospectus that failed to mention suspected defects with the equipment, according to a High Court judge.
A tribunal has approved a last-minute extension allowing Thurrock Council to continue its battle against being forced to reveal details of borrowing and investment activities of around £700m.
The London Borough of Croydon expects to receive the majority of “at-risk” loan interest from its crisis hit housing company Brick by Brick in 2020-21, according to its finance chief.
Local authorities in England borrowed £856m from the Public Works Loan Board last month, as councils refocus on capital projects following a lull due to Covid-19.
The London Borough of Croydon has withdrawn its section 114 notice, following the government’s decision to grant support allowing the authority to balance its 2020-21 budget.