Local authorities have been urged by an external auditor to apply effective risk management to their subsidiary companies and other commercial activities to safeguard against financial risks.
A central London council has launched a campaign against money laundering and other economic crime, which it said has been put into the spotlight since Russia’s invasion of Ukraine.
The government’s package of tax cuts aimed at boosting economic activity are unlikely to stimulate enough growth to pay for themselves, and could lead to future tax rises or spending cuts, economists...
Repealing reforms to off-payroll working rules could lead to a return of “widespread non-compliance and significant loss of tax revenues”, compliance experts have said.
New chancellor Kwasi Kwarteng announced a raft of tax cuts including a reduction in national insurance payments, in a move he said will shift the economy from a “vicious cycle of stagnation into a...
Low investment and a reliance on interim staff in council finance teams will make it difficult to find “the next generation of section 151 officers”, experts at Grant Thornton have said.
The government is unlikely to hit its target for delivering affordable homes in rural areas, because wider market issues have had “a disproportionate impact” there, a senior civil servant has warned...
UK interest rates will rise for the seventh time in quick succession as the Bank of England tries to bring inflation down, although the bank’s Monetary Policy Committee said recent government...
Tax cuts in Friday’s ‘fiscal event’ are set to raise UK government borrowing by more than £30bn – more than half of the total increase in borrowing since the Office for Budget Responsibility last...
The Treasury has confirmed the fiscal event taking place on Friday will not come alongside a full forecast from the Office for Budget Responsibility, despite concerns from MPs and experts.
The inflation crisis shows just how important ‘levelling up’ the UK should be to the government, former CIPFA president Mike Driver told the PF Live Scotland conference.
North Yorkshire County Council will be ready to double council tax payments levied on second homes to raise additional funds it hopes would help it address an “affordable housing crisis”, once new...
Councils in Wales could become the first in the UK to get the power to tax overnight visitors in their areas, with proposals now being consulted on that the Welsh Government hopes would protect local...
Scottish ministers have been urged to reprioritise funding to avoid the need for some services to make “disproportionate” cuts, as delegates prepare to meet at Public Finance Live Scotland.
Pressures stemming from the cost-of-living crisis and hitting future targets on net zero have been tipped to be key talking points at Public Finance Scotland this week.
New chancellor Kwasi Kwarteng’s first ‘fiscal event’ to provide more details on the energy support package will take place on 23 September, PF understands.
The government’s choice to sack the top civil servant in the Treasury will “taint” the successor and cause unnecessary upheaval during the cost-of-living crisis, experts have said.
Proposals to give local authorities flexibility on how they spend levies charged on development projects could give councils the “easy option” to reduce local investment, MPs have warned.
The pace of inflation slowed in August for the first time in nearly a year, figures from the Office for National Statistics show, but prices still rose by nearly 10% in 12 months.
Oxford City Council is set to lease its main office and move staff to its town hall, in a bid to deliver additional income and mitigate expensive maintenance costs.
