The recent restrictions imposed on borrowing from the Public Works Loan Board will make budget management in the medium term more challenging, ratings agency Moody’s has said.
Local government secretary Robert Jenrick is to appoint an expert panel to help address “appalling” financial management issues at Nottingham City Council, following a government rapid review.
The government is to reduce the New Homes Bonus to free up funding for local authority grants, it announced as part of the provisional local government finance settlement.
The exit payment cap for Local Government Pension Schemes in England can be relaxed for some employees on “compassionate grounds”, the government has said.
London Borough of Croydon has requested permission from the government to use borrowing earmarked for capital projects on filling its revenue budget gap instead.
A proposed post-Brexit overhaul of the UK’s public procurement rules would make it easier buyers to encourage social value, according to the government.
Spelthorne Borough Council is budgeting for an increase in income from its commercial property portfolio during the current financial year, enabling it to underspend its budget by £1.5m.
Leeds City Council has withdrawn its application for permission to use capital resources on day-to-day services following a funding boost from government.
A mechanism to give private investors control of public nuclear projects is still considered a “credible basis” for funding the sector, the government said today as it launched its energy white paper.
Local authorities could be required to provide central government with extra details on their commercial property portfolios, according to a senior official.
The Scottish Police Authority was unable to balance its budget for the second year running and remains financially unsustainable, Audit Scotland has warned.
The NHS Test and Trace Service is expected to cost £22bn this year, despite struggling to meet targets on testing and contracting tracing, the National Audit Office has said.
The new local government audit body proposed by the Redmond Review should produce an annual report on the whole local government sector, CIFPA has said.
A new digital border system is to cost the Home Office an additional £173m following a suspension in development, according to the National Audit Office.
As many as one in 20 local authorities in England risk financial failure as a result of a disruptive European Union Exit, according to a leaked government report.
A team sent in by ministers has concluded that Nottingham City Council cannot set a balanced budget for next year without government support, according to a leaked report.
Liverpool City Council mayor Joe Anderson is reported to be among five people arrested in connection with offences of bribery and witness intimidation.
