Northampton Borough Council displayed significant governance failures over loans paid to its local football club Northampton Town FC, according to a public interest report issued by auditors this...
Universities in Scotland are expecting to suffer losses of £132m as a result of Covid-19 restrictions and lost accommodation income, according to new analysis.
North Yorkshire County Council is proposing a 3.5% council tax rise – below the allowed maximum – for next year, despite a forecast medium term funding gap of £18m.
The UK’s economy has been weakened by significant challenges relating to Brexit, with exit from the single market set to impact medium-term growth, according to ratings agency Moody’s.
Funding from the Scottish Government will only meet between 60% and 70% of overall financial pressures identified by councils, according to the country’s local government spending watchdog.
Covid-19 financial pressures for local authorities in England totalled £10.8bn during 2020, as forecast pressures for 2020-21 rose to £12.5bn, according to latest returns submitted to government.
The Bank of England’s bond purchase programme is creating a “moral hazard” by funding companies which emit large amounts of carbon dioxide, according to a group of MPs.
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.
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.
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...
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...
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.
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.
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.
The UK Shared Prosperity Fund will be allocated by central government ministers, bypassing devolved administrations, according to Treasury chief secretary Steve Barclay.
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.
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.
