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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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25 Nov 20
The UK government has spent an additional £10bn on personal protective equipment this year, as a result of “inadequate stockpiling”, according to the National Audit Office.
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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
The UK’s GDP is forecast to decrease by as much as 3.6% in the final three months of this year as result of the second lockdown, according to advisory firm PwC.
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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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23 Nov 20
The Scottish Government has launched the Scottish National Investment Bank, the first development bank in the UK.
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23 Nov 20
The financial performance of London Borough of Croydon’s commercial companies and other ventures have consistently missed forecasts outlined in their business plans, according to a review.
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23 Nov 20
Chancellor Rishi Sunak has vowed that the upcoming Comprehensive Spending Review will not see a return to austerity.
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20 Nov 20
The government borrowed a record £214bn between April and October – although the figure was £77bn less than projections by the Office for Budget Responsibility.
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19 Nov 20
The amount of money owed by local authorities to the Public Works Loan Board fell for the first time in almost four years during the second quarter of 2020-21.
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19 Nov 20
An Essex council says it has been forced to change its borrowing strategy because other councils are unwilling to lend to it after negative press coverage over its investments.
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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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18 Nov 20
Monetary policy will attempt to combat long-term scarring to UK GDP from Covid-19 forecast at £40bn a year, according to a deputy governor of the Bank of England.
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18 Nov 20
The government failed to meet standards of transparency on its emergency Covid-19 procurement, according to an investigation by the National Audit Office.
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17 Nov 20
A Scottish council has launched a 50/50 joint venture energy company with a Swedish state-owned energy firm to supply heating to a new town on the edge of Edinburgh.
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17 Nov 20
The government is set to provide an update on progress towards reforming the social care system “following the forthcoming Spending Review”, it has said.
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16 Nov 20
The government has launched a bidding process to create at least seven ‘freeports’ in England – promising host councils the ability to retain business rates growth for 25 years.
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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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13 Nov 20
The UK’s second Covid-19 lockdown is set to knock a further half per cent off GDP this year, according to ratings agency Moody’s.
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12 Nov 20
The UK government has been urged to consider moving capital gains tax rates in line with income tax levels, which could raise an additional £14bn annually, according to the Office of Tax...
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.
25 Nov 20The UK government has spent an additional £10bn on personal protective equipment this year, as a result of “inadequate stockpiling”, according to the National Audit Office.
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 20The UK’s GDP is forecast to decrease by as much as 3.6% in the final three months of this year as result of the second lockdown, according to advisory firm PwC.
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.
23 Nov 20The Scottish Government has launched the Scottish National Investment Bank, the first development bank in the UK.
23 Nov 20The financial performance of London Borough of Croydon’s commercial companies and other ventures have consistently missed forecasts outlined in their business plans, according to a review.
23 Nov 20Chancellor Rishi Sunak has vowed that the upcoming Comprehensive Spending Review will not see a return to austerity.
20 Nov 20The government borrowed a record £214bn between April and October – although the figure was £77bn less than projections by the Office for Budget Responsibility.
19 Nov 20The amount of money owed by local authorities to the Public Works Loan Board fell for the first time in almost four years during the second quarter of 2020-21.
19 Nov 20An Essex council says it has been forced to change its borrowing strategy because other councils are unwilling to lend to it after negative press coverage over its investments.
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.
18 Nov 20Monetary policy will attempt to combat long-term scarring to UK GDP from Covid-19 forecast at £40bn a year, according to a deputy governor of the Bank of England.
17 Nov 20A Scottish council has launched a 50/50 joint venture energy company with a Swedish state-owned energy firm to supply heating to a new town on the edge of Edinburgh.
17 Nov 20The government is set to provide an update on progress towards reforming the social care system “following the forthcoming Spending Review”, it has said.
16 Nov 20The government has launched a bidding process to create at least seven ‘freeports’ in England – promising host councils the ability to retain business rates growth for 25 years.
16 Nov 20Almost 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.
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.
13 Nov 20The UK’s second Covid-19 lockdown is set to knock a further half per cent off GDP this year, according to ratings agency Moody’s.
12 Nov 20The UK government has been urged to consider moving capital gains tax rates in line with income tax levels, which could raise an additional £14bn annually, according to the Office of Tax...
19 Oct 20 to 22 Oct 20
19 Oct 20 to 22 Oct 20
