A group of more than 100 opposition politicians have called on the government to implement a universal basic income, in a bid to help ease finances post-coronavirus.
Economic output in Scotland could fall by a third as a result of measures to tackle the coronavirus pandemic, according to the latest government commentary.
Second-home owners in England could receive a share of millions of pounds of government coronavirus grants, according to real estate adviser Altus Group.
Economists have warned against the introduction of a universal basic income across Scotland as part of a knee-jerk reaction to the coronavirus pandemic.
The UK government deficit could rise to as high as £260bn – about 12% of GDP – this financial year, as a result of the measures taken amid the coronavirus pandemic, economists at PwC have predicted.
The Office for Budget Responsibility has predicted UK GDP could fall by as much as 35% in the second quarter of this year, due to the coronavirus outbreak.
Social care workers in Scotland are set to receive an immediate 3.3% pay increase, backdated to 1 April – following negotiations around increasing their pay to the real living wage.
A London council has raised £80m for its capital investment programme through a private placement, beating the Public Works Loan Board rate despite the turbulent market disrupted by the coronavirus.
Blanket deferrals or non-payment of council tax could have a “serious effect” on council funding in the wake of the coronavirus pandemic, according to the County Councils Network.
The UK government’s job retention scheme, aimed at saving jobs during the coronavirus pandemic, could cost up to three times the amount originally forecast, according to think-tank the Resolution...
Councils in England have urged the UK government to provide clarity that volunteers can support pharmacies in rural areas – to ensure medication reaches at-risk people.
CIPFA is concerned that regulators' refusals to radically simplify the 2019-20 Accounting Code will put public finance professionals under huge pressure and impact 2021-22 budgeting.
