Tax cuts in Friday’s ‘fiscal event’ are set to raise UK government borrowing by more than £30bn – more than half of the total increase in borrowing since the Office for Budget Responsibility last...
The Treasury has confirmed the fiscal event taking place on Friday will not come alongside a full forecast from the Office for Budget Responsibility, despite concerns from MPs and experts.
The inflation crisis shows just how important ‘levelling up’ the UK should be to the government, former CIPFA president Mike Driver told the PF Live Scotland conference.
North Yorkshire County Council will be ready to double council tax payments levied on second homes to raise additional funds it hopes would help it address an “affordable housing crisis”, once new...
Councils in Wales could become the first in the UK to get the power to tax overnight visitors in their areas, with proposals now being consulted on that the Welsh Government hopes would protect local...
Scottish ministers have been urged to reprioritise funding to avoid the need for some services to make “disproportionate” cuts, as delegates prepare to meet at Public Finance Live Scotland.
Pressures stemming from the cost-of-living crisis and hitting future targets on net zero have been tipped to be key talking points at Public Finance Scotland this week.
New chancellor Kwasi Kwarteng’s first ‘fiscal event’ to provide more details on the energy support package will take place on 23 September, PF understands.
The government’s choice to sack the top civil servant in the Treasury will “taint” the successor and cause unnecessary upheaval during the cost-of-living crisis, experts have said.
Proposals to give local authorities flexibility on how they spend levies charged on development projects could give councils the “easy option” to reduce local investment, MPs have warned.
The pace of inflation slowed in August for the first time in nearly a year, figures from the Office for National Statistics show, but prices still rose by nearly 10% in 12 months.
Oxford City Council is set to lease its main office and move staff to its town hall, in a bid to deliver additional income and mitigate expensive maintenance costs.
Sustained long-term funding and higher local authority retention of right-to-buy sales hold the key to meeting affordable homes targets, experts have said.
The government’s energy cap is likely to lower inflation in the short term, but one expert warned that it might not yield longer-term savings on servicing the government’s large stock of interest-...
Thurrock Council could be forced to make £2m of cuts this year despite using millions of pounds from its reserves, amid a 10% drop in investment income.
New prime minister Liz Truss has been urged by council leaders to stand by her pledge to allocate more funding to social care as inflation bears down on their authorities’ budgets.
The government’s plan to temporarily cap energy bills for households and businesses will likely lead to higher borrowing and increased pressure on public finances, experts have said.
Scottish ministers have tabled around £500m of cuts to planned revenue and capital spending due to “enormous strains” on the devolved administration’s 2022-23 budget.
New prime minister Liz Truss has outlined plans she said will save average households £1,000 a year for the next two years on energy bills, but faces criticism over refusing to further tax suppliers...
