English councils will need billions of extra funding both this year and in the long-term, due to the impact of the Covid-19 crisis, a think-tank has warned.
Speculation is growing that the government will opt for another one-year spending round following the announcement that November’s Budget will be delayed until next year.
A London council is likely to have to issue a section 114 notice if a bid to use capital funds for revenue services is refused by central government, its section 151 officer has indicated.
HMRC recovered £7.9bn less from fraud and error in the first three months of this financial year than it did in the same period in 2019 – a drop of more than half.
The government has pre-empted the publication of its independent review of rail transport by announcing the end of rail franchising after almost 25 years.
Finance ministers from Scotland, Wales and Northern Ireland have expressed concerns over the financial implications the UK Internal Market Bill will have on devolved governments.
The Bank of England has outlined plans to explore how negative interest rates could be implemented for the first time, to help the UK’s economic recovery from Covid-19.
Public sector members of the Local Government Pension Scheme aged over 55, who are made redundant and wish to take early retirement as result, will face “significant” cuts to their benefits if...
More than 100 councils in England have reported fraudulent claims for Covid-19 grants since the introduction of the emergency measures, according to a report.
Luton Borough Council has approved the borrowing of £60m, which it then intends to lend to its wholly-owned London Luton Airport Ltd as it seeks to offset losses resulting from Covid-19.
The Department for Education's upcoming 10-year reform programme must include a “clear vision on the structure and funding of the college sector”, the National Audit Office has said.
Peterborough City Council is to review the running of cultural and leisure services in the city, following the termination of its outsourcing agreement and transfer of responsibilities for running...
The UK government should look to create its own state aid system after the Brexit transitional agreement ends, according to the Institute for Government.
Local-authority-to-local-authority borrowing continues to rise, as short-term borrowing rates dropped to 0% last week, according to local government treasury advisors Arlingclose.
Harrow Council has agreed to create a regeneration joint venture worth up to £600m with developer Wates Residential, with plans including a new civic centre, school and up to 1,500 homes.
Imposing tax increases too early could “stifle” the UK’s economic recovery from the coronavirus pandemic, a report from the Treasury Select Committee has warned.
The UK economy continued its recovery in July as GDP rose by 6.6% month-on-month, the third consecutive month of growth following April’s record GDP fall of 20%, according to the Office for National...
The government’s Internal Market Bill could make a future free trade deal with the European Union harder, leaving UK GDP 2% worse off, according to ratings agency Fitch.
