Government has increased the amount available to Whitehall departments for contingency funding to £266bn for 2020/21 in response to the Covid-19 pandemic.
The government is asking for the planned business rates holiday to be made exempt from European Union rules restricting state aid, as financial pressures mount up due to the coronavirus pandemic.
Legislation to compensate Scottish councils for the loss of business rates revenue in the light of the coronavirus pandemic has been approved by the Scottish Parliament.
Council finance officers around the UK are joining the fight against the coronavirus outbreak. PF talks to CIPFA associate director Andy Burns about the challenges they are facing.
City of York Council leader Keith Aspden has warned his council faces a £20m shortfall in funding due to rising costs in relation to the coronavirus pandemic.
Lending between councils has dropped as councils look to keep hold of cash due to concerns over the coronavirus pandemic, according to treasury adviser Arlingclose.
Coronavirus disruption has led officials to push back the deadline for NHS accounts, and delay the implementation of an IFRS accounting standard for a year.
The government has confirmed the £500m hardship fund announced during the Budget will be used to fund council tax relief for vulnerable households affected by the coronavirus pandemic.
The Cabinet Office has decided to waive the rules on payment in advance, in a bid to help local authority suppliers stay afloat during the coronavirus pandemic.
Local authority pension providers have been urged to suspend or amend any policies that abate pensions for retired key workers who return to work to help tackle the coronavirus pandemic.
The government is facing renewed calls to stop the “injustice” of the so-called loan charge - the collection of historic tax avoided through ‘disguised remuneration’ schemes, which has so far led to...
Councils are set to receive £1.6bn of funding to help fight the coronavirus pandemic, as part of the government’s £5bn coronavirus fund announced during the Budget.
Universal Credit ‘advances fraud’ is estimated to have cost the Department for Work and Pensions up to £150m in the 18 months to December 2019, according to the National Audit Office.
A reform of the council tax system could see a 50% decrease in payments for people in the most deprived regions of the country, says the Institute of Fiscal Studies.
The economic impact of the escalating coronavirus pandemic is “much worse than feared”, and the world economy is probably already in a recession, according to ratings agency Standard & Poor’s Global.
Rishi Sunak has expanded the 100% business rates holiday to all leisure, retail and hospitality businesses, as he updated the Treasury's coronavirus package.
