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17 May 22
Bank of England governor Andrew Bailey has expressed “major worry” about inflation, which could top 10% this year.
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16 May 22
A council in south west England will borrow up to £10m to fund “critical” temporary accommodation to house homeless families amid the cost-of-living crisis.
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16 May 22
Government plans to cut 90,000 jobs from the civil service mark a return to the austerity that hurt economic growth and damaged public services in the 2010s, a trade union leader has warned.
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16 May 22
The government is set to restrict new local authority borrowing from the Public Works Loan Board if it believes the council is at risk of not repaying.
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13 May 22
The government has published statutory guidance seeking to restrict the level of exit payments made to local government employees above statutory or contractual limits.
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13 May 22
An English city council is restructuring a debt owed by its landmark seafront attraction to ensure it is repaid “as quickly as possible” following three years of missed payments, but has delayed a...
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13 May 22
CIPFA / LASAAC has launched an urgent consultation on changes to the local authority accounting code to deal with infrastructure reporting issues currently holding up the sign-off of some sets of...
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13 May 22
The Financial Reporting Council has fined accountancy firm KPMG £14.4m after finding it provided false and misleading information to its review of the firm's audit of collapsed public...
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13 May 22
The UK Infrastructure Bank has welcomed government plans to give it the legal power to lend directly to local authorities.
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12 May 22
CIPFA has welcomed government proposals to take greater intervention powers over council finances, saying they could help identify potential problems at an earlier stage.
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12 May 22
UK gross domestic product flatlined in February and fell in March as households cut spending amid rising prices.
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12 May 22
CIPFA is looking for its first independent board chair to help improve governance at the organisation.
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12 May 22
Levelling up minister Michael Gove has suggested that the government could fail to hit its manifesto pledge to provide 300,000 new homes a year by 2025.
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11 May 22
The local government secretary will get new powers to direct asset sales and borrowing levels at councils deemed to be at financial risk, under a clause in this week's Levelling Up Bill.
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11 May 22
Local authority borrowing from the Public Works Loan Board remains low following four Bank of England interest rates hikes, after councils capitalised on record low finance last year,...
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10 May 22
Experts have questioned whether the Levelling Up Bill outlined in today's Queen's Speech will do enough to revive local economies.
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10 May 22
An English council could sell off some of its offices for redevelopment after flexible working arrangements and years of staff cuts left them surplus to requirements.
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10 May 22
Rating agency Moody’s has downgraded Transport for London’s credit rating for the third time since the onset of Covid-19, partly down to ongoing uncertainty over long-term funding.
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9 May 22
More than a quarter of the most deprived authorities in England had bids rejected for funding from the government’s Levelling Up Fund, according to reports.
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9 May 22
Liverpool City Council is set to pay a further £4.5m for its electricity this year, after delays meant it failed to agree a contract before its supplier suspended commercial services.
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6 May 22
A new procurement framework for Local Government Pension Schemes has been launched, with the organiser saying the ability for funds and pools to procure quickly and efficiently has “never been so...
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6 May 22
Councils have called for clarity over proposed compensation levels after the government announced it will press ahead with plans to remove large telecom companies and railway services from local...
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6 May 22
This week’s local elections packed a few surprises. PF examines the results in authorities whose finance departments have been in the news during recent months.
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5 May 22
The government has announced initial payments to help cover local authorities’ costs incurred when delivering the council tax rebate policy aimed at helping the public through the cost-of-living...
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5 May 22
The Bank of England's Monetary Policy Committee has hinted that further interest rate rises are on the horizon, after it hiked borrowing rates for the fourth consecutive meeting.
17 May 22Bank of England governor Andrew Bailey has expressed “major worry” about inflation, which could top 10% this year.
16 May 22A council in south west England will borrow up to £10m to fund “critical” temporary accommodation to house homeless families amid the cost-of-living crisis.
16 May 22Government plans to cut 90,000 jobs from the civil service mark a return to the austerity that hurt economic growth and damaged public services in the 2010s, a trade union leader has warned.
16 May 22The government is set to restrict new local authority borrowing from the Public Works Loan Board if it believes the council is at risk of not repaying.
13 May 22The government has published statutory guidance seeking to restrict the level of exit payments made to local government employees above statutory or contractual limits.
13 May 22An English city council is restructuring a debt owed by its landmark seafront attraction to ensure it is repaid “as quickly as possible” following three years of missed payments, but has delayed a...
13 May 22CIPFA / LASAAC has launched an urgent consultation on changes to the local authority accounting code to deal with infrastructure reporting issues currently holding up the sign-off of some sets of...
13 May 22The Financial Reporting Council has fined accountancy firm KPMG £14.4m after finding it provided false and misleading information to its review of the firm's audit of collapsed public...
13 May 22The UK Infrastructure Bank has welcomed government plans to give it the legal power to lend directly to local authorities.
12 May 22CIPFA has welcomed government proposals to take greater intervention powers over council finances, saying they could help identify potential problems at an earlier stage.
12 May 22UK gross domestic product flatlined in February and fell in March as households cut spending amid rising prices.
12 May 22CIPFA is looking for its first independent board chair to help improve governance at the organisation.
12 May 22Levelling up minister Michael Gove has suggested that the government could fail to hit its manifesto pledge to provide 300,000 new homes a year by 2025.
11 May 22The local government secretary will get new powers to direct asset sales and borrowing levels at councils deemed to be at financial risk, under a clause in this week's Levelling Up Bill.
11 May 22Local authority borrowing from the Public Works Loan Board remains low following four Bank of England interest rates hikes, after councils capitalised on record low finance last year,...
10 May 22Experts have questioned whether the Levelling Up Bill outlined in today's Queen's Speech will do enough to revive local economies.
10 May 22An English council could sell off some of its offices for redevelopment after flexible working arrangements and years of staff cuts left them surplus to requirements.
10 May 22Rating agency Moody’s has downgraded Transport for London’s credit rating for the third time since the onset of Covid-19, partly down to ongoing uncertainty over long-term funding.
9 May 22Liverpool City Council is set to pay a further £4.5m for its electricity this year, after delays meant it failed to agree a contract before its supplier suspended commercial services.
6 May 22A new procurement framework for Local Government Pension Schemes has been launched, with the organiser saying the ability for funds and pools to procure quickly and efficiently has “never been so...
6 May 22Councils have called for clarity over proposed compensation levels after the government announced it will press ahead with plans to remove large telecom companies and railway services from local...
6 May 22This week’s local elections packed a few surprises. PF examines the results in authorities whose finance departments have been in the news during recent months.
5 May 22The government has announced initial payments to help cover local authorities’ costs incurred when delivering the council tax rebate policy aimed at helping the public through the cost-of-living...
5 May 22The Bank of England's Monetary Policy Committee has hinted that further interest rate rises are on the horizon, after it hiked borrowing rates for the fourth consecutive meeting.
