The Bank of England selling public debt could leave the government open to up to £130bn of losses, MPs have said, arguing policymakers “took a leap in the dark”.
The social rent cap and increased spending due to new legislation have created a “perfect storm” at the London Borough of Southwark, slowing housebuilding, a senior officer has said.
Efforts to reduce budget pressures may have led to Nottingham City Council breaching regulations on the use of ringfenced income, an independent report has said.
Low funding will mean Welsh councils have to cut frontline services in 2024-25, contrary to a claim from the Welsh Government that these services would be protected, a Senedd committee has warned.
Four authorities have been given permission to raise council tax above the referendum limit to meet their spending needs next year, but one request was rejected.
A £3.3bn funding package that led to Stormont being recalled will not provide long-term stability to services or public finances, new first minister Michelle O’Neill has said.
Birmingham City Council has delayed its meeting to approve spending plans as it waits for a government decision it said is key to setting a balanced budget for 2024-25.
The government does not properly monitor the effectiveness of tax reliefs, meaning billions of pounds of subsidies may not deliver economic growth, the National Audit Office has said.
Proposals to recall Stormont include devolving corporation tax and providing £3bn of funding to put public services on a sustainable footing, the government has confirmed.
Minimising the effects of extreme heat could improve sleep, prevent billions of pounds in lost productivity a year, the Environmental Audit Committee has said.
Councillors will write to the government requesting a public inquiry following Thurrock Council’s financial collapse due to its failed commercial investments.
An outdated funding model has pushed councils into a financial crisis and requires fundamental reform – not simply increasing the reliance on a regressive council tax system – a group of MPs has said.
Concerns over the pace and fairness of government compensation and financial redress schemes have prompted the Public Accounts Committee to request that the National Audit Office investigate.
Weak governance and a lack of transparency surrounding an economic regeneration project overseen by Tees Valley Combined Authority have prevented a government-appointed panel from determining whether...
Falling student levels risk worsening financial pressures for council-funded schools in the capital as authorities face widening education deficits, London Councils has warned.
Government spending cuts have restricted resources in local government and are a factor in the rising number of children in care, a senior judge has said.
Proposed capital flexibility could see councils explore more risky debt-backed projects at a time when capacity challenges have weakened local oversight, a senior finance officer has warned.