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2 Jul 21
The London Borough of Croydon may need to write-off up to £52m in loans to wholly-owned housing firm Brick by Brick, after rejecting the sale of the company.
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1 Jul 21
Slough Borough Council is set to issue a Section 114 notice – banning all unplanned spending – on Friday, PF understands.
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1 Jul 21
The Municipal Bonds Agency is not in any danger of closing, and could issue an ESG bond later this year, according to chairman Sir Merrick Cockell.
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1 Jul 21
The Municipal Bonds Agency – aimed at providing cheap borrowing to local authorities – faces doubts over its future after racking up pre-tax losses of £650,000 last year.
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1 Jul 21
A finance chief at a major local authority says a shortage of suitable candidates means filling senior finance roles with interim staff.
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30 Jun 21
Eight struggling local authorities will be subject to financial healthchecks by CIPFA as they await approval on £72.5m of government support, ministers have announced.
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30 Jun 21
An investment company set up to buy commercial property on behalf of two councils has suffered cumulative losses of more than £12.5m since it launched four years ago.
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30 Jun 21
Powys County Council has agreed to wind down a housing maintenance joint-venture next year, halfway through the original contract term, and insource the services.
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30 Jun 21
Government departments lack urgency in their efforts to measure fraud and error relating to Covid-19 spending, according to Parliament’s Public Accounts Committee.
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29 Jun 21
Uttlesford District Council is applying for a credit rating to allow it access to a greater range of borrowing to fund its multi-million programme of out-of-borough commercial investments.
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29 Jun 21
The government has proposed a three-year valuation period for business rates, alongside changes to the appeals process, in a bid to make the system more effective.
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29 Jun 21
Luton Borough Council has agreed a £119m rescue package for the authority-owned company which runs Luton Airport, after Covid-19 slashed revenues.
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29 Jun 21
Leicestershire County Council will ask its schools to transfer £2m of funding to help meet a burgeoning special educational needs deficit, which presents a “significant risk” to the authority.
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29 Jun 21
More than 85% of police forces in the UK have signed up to the latest iteration of a programme encouraging financial excellence in financial reporting.
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28 Jun 21
A London borough has written off costs totalling more £7m after a regeneration programme was scrapped by the authority last year.
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25 Jun 21
Sefton Council has approved plans to borrow £800,000 over the next three years to help improve the performance of an authority-owned shopping centre.
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25 Jun 21
Peterborough City Council’s external auditors have raised serious concerns about the financial situation of the authority, which has become reliant on additional government support.
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25 Jun 21
Mounting costs relating to a block of flats with dangerous cladding could lead to a local authority lending millions to a council-owned company – money it admits might not be fully paid back
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24 Jun 21
The government has rejected a proposal by the government actuary that would have allowed greater flexibility in public pension funds’ response to rising costs.
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24 Jun 21
CIPFA is proposing to boost the information it provides on proposed borrowing restrictions on borrowing for yield in its update to the Prudential Code.
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24 Jun 21
Increased grant funding related to Covid-19 has led to a 500% increase in councils' forecast reserve spending this year, according to latest figures.
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23 Jun 21
Somerset County Council has approved plans to develop a £70m strategic partnership to provide 10 children care and foster homes, in a bid to reduce reliance on private operators.
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22 Jun 21
Brentwood Borough Council forecasts a half million pound loss at its one of its leisure centres this year, after the operator went into insolvency.
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22 Jun 21
CIPFA has praised Birmingham City Council’s financial management, just two years after a report criticised the arrangements at the authority.
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22 Jun 21
Capital spending among Scottish local authorities fell by more than £1bn last year amid Covid-19 disruption, provisional figures show.
2 Jul 21The London Borough of Croydon may need to write-off up to £52m in loans to wholly-owned housing firm Brick by Brick, after rejecting the sale of the company.
1 Jul 21Slough Borough Council is set to issue a Section 114 notice – banning all unplanned spending – on Friday, PF understands.
1 Jul 21The Municipal Bonds Agency is not in any danger of closing, and could issue an ESG bond later this year, according to chairman Sir Merrick Cockell.
1 Jul 21The Municipal Bonds Agency – aimed at providing cheap borrowing to local authorities – faces doubts over its future after racking up pre-tax losses of £650,000 last year.
1 Jul 21A finance chief at a major local authority says a shortage of suitable candidates means filling senior finance roles with interim staff.
30 Jun 21Eight struggling local authorities will be subject to financial healthchecks by CIPFA as they await approval on £72.5m of government support, ministers have announced.
30 Jun 21An investment company set up to buy commercial property on behalf of two councils has suffered cumulative losses of more than £12.5m since it launched four years ago.
30 Jun 21Powys County Council has agreed to wind down a housing maintenance joint-venture next year, halfway through the original contract term, and insource the services.
30 Jun 21Government departments lack urgency in their efforts to measure fraud and error relating to Covid-19 spending, according to Parliament’s Public Accounts Committee.
29 Jun 21Uttlesford District Council is applying for a credit rating to allow it access to a greater range of borrowing to fund its multi-million programme of out-of-borough commercial investments.
29 Jun 21The government has proposed a three-year valuation period for business rates, alongside changes to the appeals process, in a bid to make the system more effective.
29 Jun 21Luton Borough Council has agreed a £119m rescue package for the authority-owned company which runs Luton Airport, after Covid-19 slashed revenues.
29 Jun 21Leicestershire County Council will ask its schools to transfer £2m of funding to help meet a burgeoning special educational needs deficit, which presents a “significant risk” to the authority.
29 Jun 21More than 85% of police forces in the UK have signed up to the latest iteration of a programme encouraging financial excellence in financial reporting.
28 Jun 21A London borough has written off costs totalling more £7m after a regeneration programme was scrapped by the authority last year.
25 Jun 21Sefton Council has approved plans to borrow £800,000 over the next three years to help improve the performance of an authority-owned shopping centre.
25 Jun 21Peterborough City Council’s external auditors have raised serious concerns about the financial situation of the authority, which has become reliant on additional government support.
25 Jun 21Mounting costs relating to a block of flats with dangerous cladding could lead to a local authority lending millions to a council-owned company – money it admits might not be fully paid back
24 Jun 21The government has rejected a proposal by the government actuary that would have allowed greater flexibility in public pension funds’ response to rising costs.
24 Jun 21CIPFA is proposing to boost the information it provides on proposed borrowing restrictions on borrowing for yield in its update to the Prudential Code.
24 Jun 21Increased grant funding related to Covid-19 has led to a 500% increase in councils' forecast reserve spending this year, according to latest figures.
23 Jun 21Somerset County Council has approved plans to develop a £70m strategic partnership to provide 10 children care and foster homes, in a bid to reduce reliance on private operators.
22 Jun 21Brentwood Borough Council forecasts a half million pound loss at its one of its leisure centres this year, after the operator went into insolvency.
22 Jun 21CIPFA has praised Birmingham City Council’s financial management, just two years after a report criticised the arrangements at the authority.
22 Jun 21Capital spending among Scottish local authorities fell by more than £1bn last year amid Covid-19 disruption, provisional figures show.
