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4 Nov 20
Thurrock Council has taken out a £125m loan with a maturity of just two years from the Public Works Loan Board.
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4 Nov 20
Local government pension schemes in Lincolnshire, South Yorkshire and Tyne and Wear have invested a combined £97m into a ten-year residential investment fund.
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4 Nov 20
Ipswich Borough Council has approved plans to use all but £50,000 of its usable reserves above its legal buffer by March 2024, to help offset future Covid-19 pressures.
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3 Nov 20
The ongoing pandemic disruption combined with Brexit could overwhelm local authorities and devolved administrations, according to the Institute for Government.
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3 Nov 20
Following the pricing of a £250m bond by the London Borough of Sutton, PF speaks to David Whelan, managing director of public sector treasury at Link Group, which advised on the deal.
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3 Nov 20
The Universities Superannuation Scheme deficit has widened to £21.5bn, more than 50% higher than the previous £13bn estimate in July, according to the Institute for Fiscal Studies.
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3 Nov 20
A bond totalling £250m, set to be issued by a London council has been priced at 1.7% – below the rate available from the Public Works Loan Board.
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2 Nov 20
The government has launched a 'rapid review' into governance at Nottingham City Council, its second review of this kind announced in under a week.
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2 Nov 20
The monthly financial impact of Covid-19 on councils in England has fallen below £1bn for the first time since the start of the crisis, running at 60% of the £1.5bn peaks in April and May.
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2 Nov 20
Transport for London has agreed a second bailout with the government worth up to £1.8bn, to help keep services running through Covid-19.
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2 Nov 20
The upcoming Comprehensive Spending Review must allocate funding to address record public service backlogs, CIPFA and the Institute for Government have warned.
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30 Oct 20
Audit firms Mazars and Grant Thornton have been asked to implement quality action plans after the Financial Reporting Council was critical of audit quality.
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30 Oct 20
A London council is set to launch a private placement bond through a digital platform to refinance debt and help fund its capital programme for the next four years.
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30 Oct 20
Council tax support is expected to cost councils an additional £586m this year, 7% more than the £500m allocated through a dedicated fund announced in March, according to the LGA.
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30 Oct 20
London Borough of Newham is to loan a further £4m to its own development company, after a leisure centre operator pulled out of a development project due to Covid-19.
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30 Oct 20
“Essential” support for companies and workers in the UK must continue if the economy is to recover from Covid-19 and meet the challenges of leaving the EU customs union and single market, the IMF has...
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29 Oct 20
Councils face a massive rise in business rates appeals, which have reached around 1,000 a day as a result of Covid-19, according to real estate firm Colliers.
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29 Oct 20
Local government minister Luke Hall has asked councils to apply the £95,000 exit payment cap to pension schemes before regulations are formally introduced – a move one lawyer called a “load of...
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29 Oct 20
The government has announced a rapid review into governance at the London Borough following the publication of a “damning” public interest report.
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28 Oct 20
Scottish GDP fell by 19.4% during the second quarter of this year, according to statistics released by the Scottish Government.
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28 Oct 20
Councillors at Spelthorne Borough Council have voted to give themselves more control over the authority’s property investment decisions.
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27 Oct 20
Three local government organisations have written to the government threatening a legal challenge to changes to local government exit payments.
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27 Oct 20
Worthing Borough Council is set to approve a housing scheme joint venture with housing association Vivid, which would see the council invest £12.5m.
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27 Oct 20
MPs will assess the impact of a single-year spending review on councils’ long-term delivery of services as part of an inquiry into the spending review and local government finance.
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26 Oct 20
London Borough of Croydon has been accused of "corporate blindness” over its financial position in a rare public interest report compiled by audit firm Grant Thornton.
4 Nov 20Thurrock Council has taken out a £125m loan with a maturity of just two years from the Public Works Loan Board.
4 Nov 20Local government pension schemes in Lincolnshire, South Yorkshire and Tyne and Wear have invested a combined £97m into a ten-year residential investment fund.
4 Nov 20Ipswich Borough Council has approved plans to use all but £50,000 of its usable reserves above its legal buffer by March 2024, to help offset future Covid-19 pressures.
3 Nov 20The ongoing pandemic disruption combined with Brexit could overwhelm local authorities and devolved administrations, according to the Institute for Government.
3 Nov 20Following the pricing of a £250m bond by the London Borough of Sutton, PF speaks to David Whelan, managing director of public sector treasury at Link Group, which advised on the deal.
3 Nov 20The Universities Superannuation Scheme deficit has widened to £21.5bn, more than 50% higher than the previous £13bn estimate in July, according to the Institute for Fiscal Studies.
3 Nov 20A bond totalling £250m, set to be issued by a London council has been priced at 1.7% – below the rate available from the Public Works Loan Board.
2 Nov 20Transport for London has agreed a second bailout with the government worth up to £1.8bn, to help keep services running through Covid-19.
2 Nov 20The upcoming Comprehensive Spending Review must allocate funding to address record public service backlogs, CIPFA and the Institute for Government have warned.
30 Oct 20Audit firms Mazars and Grant Thornton have been asked to implement quality action plans after the Financial Reporting Council was critical of audit quality.
30 Oct 20Council tax support is expected to cost councils an additional £586m this year, 7% more than the £500m allocated through a dedicated fund announced in March, according to the LGA.
30 Oct 20London Borough of Newham is to loan a further £4m to its own development company, after a leisure centre operator pulled out of a development project due to Covid-19.
30 Oct 20“Essential” support for companies and workers in the UK must continue if the economy is to recover from Covid-19 and meet the challenges of leaving the EU customs union and single market, the IMF has...
29 Oct 20Councils face a massive rise in business rates appeals, which have reached around 1,000 a day as a result of Covid-19, according to real estate firm Colliers.
29 Oct 20Local government minister Luke Hall has asked councils to apply the £95,000 exit payment cap to pension schemes before regulations are formally introduced – a move one lawyer called a “load of...
28 Oct 20Scottish GDP fell by 19.4% during the second quarter of this year, according to statistics released by the Scottish Government.
28 Oct 20Councillors at Spelthorne Borough Council have voted to give themselves more control over the authority’s property investment decisions.
27 Oct 20Three local government organisations have written to the government threatening a legal challenge to changes to local government exit payments.
27 Oct 20MPs will assess the impact of a single-year spending review on councils’ long-term delivery of services as part of an inquiry into the spending review and local government finance.
26 Oct 20London Borough of Croydon has been accused of "corporate blindness” over its financial position in a rare public interest report compiled by audit firm Grant Thornton.
28 Sep 21
19 Oct 20 to 22 Oct 20
