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22 Jan 21
Central government bodies’ day-to-day spending rose to £86bn last month, the highest monthly total since May, according to the Office for National Statistics.
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22 Jan 21
Luton Borough Council is predicting a further £30m hit in lost dividend income from Luton Airport over the next two years due to Covid-19, on top of a £16m gap this financial year.
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22 Jan 21
Differences between the government’s digital systems for procurement and accounting contributed to the government’s lack of transparency over Covid-19 procurement, a Parliamentary committee has heard...
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22 Jan 21
MPs have warned that the financial sustainability of some local authorities presents a “significant risk” to the government's finances, and urged the swift implementation of the Redmond review into...
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21 Jan 21
Bristol City Council’s auditors have raised concerns over transparency relating to the council’s failed energy company Bristol Energy.
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21 Jan 21
Reading Borough Council has approved plans to move £11m of land assets to its housing revenue account as part of a major regeneration project.
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20 Jan 21
Former CIPFA president Sir Tony Redmond is to chair Nottingham City Council’s improvement board as part of the authority’s recovery plan.
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19 Jan 21
Jesse Norman, financial secretary to the Treasury, has warned against immediate tax rises in the upcoming budget which could “impede” economic growth.
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19 Jan 21
Spelthorne Borough Council’s controversial commercial investment strategy has allowed it to propose council tax freezes next year despite Covid-19 disruption, according to its finance chief.
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19 Jan 21
The UK’s credit rating could decrease if the Brexit free trade agreement with the European Union undermines economic performance, according to ratings agency Fitch.
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18 Jan 21
Councils in England are set to receive an additional £120m in adult social care funding from central government to help boost staffing levels in care homes.
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18 Jan 21
The UK Shared Prosperity Fund will be allocated by central government ministers, bypassing devolved administrations, according to Treasury chief secretary Steve Barclay.
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18 Jan 21
Chancellor Rishi Sunak is considering reversing historic corporation tax cuts in the March Budget and longer-term reforms to stamp duty and council tax, according to reports.
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16 Jan 21
Local government secretary Robert Jenrick has announced plans which would allow the public to convert unused buildings into new housing.
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15 Jan 21
Following the news that TfN’s annual budget for next year has been cut by the government, PF spoke to Iain Craven, director of finance at the group to shed further light on the situation.
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15 Jan 21
The UK’s economy shrank by 2.6% in November, as a result of the second English lockdown, according to the Office for National Statistics.
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15 Jan 21
Proposed cuts to government funding for public transport body Transport for the North would “undermine levelling-up” and put planned improvement works at risk, according to the group’s finance chief...
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14 Jan 21
The Bank of England needs to improve its own understanding of its quantitative easing programme to improve its effectiveness, according to the bank’s internal watchdog.
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14 Jan 21
London Borough of Croydon is likely to lend more money to its cash-strapped housing company Brick by Brick, it has revealed.
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14 Jan 21
A future Labour government would produce 20-year projections for the public finances, according to shadow chancellor Anneliese Dodds.
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13 Jan 21
The Welsh Government is to pay back £3m in European Union grant funding following concerns raised by the Welsh spending watchdog over value for money.
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13 Jan 21
A 'back to the future' approach for local government audit is not realistic, according to Steve Freer, chairman of audit oversight body Public Sector Audit Appointments.
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12 Jan 21
A reform of current taxes would be more efficient and raise more money than a new levy based on wealth, according to the Institute for Fiscal Studies.
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12 Jan 21
Labour leader Keir Starmer has called on the government to back local authorities and prevent council tax rises to ease pressure on families.
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12 Jan 21
A proposed 9.5% council tax rise for the Greater London Authority council tax precept now rests on approval from ministers.