An English city council is restructuring a debt owed by its landmark seafront attraction to ensure it is repaid “as quickly as possible” following three years of missed payments, but has delayed a...
CIPFA / LASAAC has launched an urgent consultation on changes to the local authority accounting code to deal with infrastructure reporting issues currently holding up the sign-off of some sets of...
The Financial Reporting Council has fined accountancy firm KPMG £14.4m after finding it provided false and misleading information to its review of the firm's audit of collapsed public...
CIPFA has welcomed government proposals to take greater intervention powers over council finances, saying they could help identify potential problems at an earlier stage.
Levelling up minister Michael Gove has suggested that the government could fail to hit its manifesto pledge to provide 300,000 new homes a year by 2025.
The local government secretary will get new powers to direct asset sales and borrowing levels at councils deemed to be at financial risk, under a clause in this week's Levelling Up Bill.
Local authority borrowing from the Public Works Loan Board remains low following four Bank of England interest rates hikes, after councils capitalised on record low finance last year,...
An English council could sell off some of its offices for redevelopment after flexible working arrangements and years of staff cuts left them surplus to requirements.
Rating agency Moody’s has downgraded Transport for London’s credit rating for the third time since the onset of Covid-19, partly down to ongoing uncertainty over long-term funding.
More than a quarter of the most deprived authorities in England had bids rejected for funding from the government’s Levelling Up Fund, according to reports.
Liverpool City Council is set to pay a further £4.5m for its electricity this year, after delays meant it failed to agree a contract before its supplier suspended commercial services.
A new procurement framework for Local Government Pension Schemes has been launched, with the organiser saying the ability for funds and pools to procure quickly and efficiently has “never been so...
Councils have called for clarity over proposed compensation levels after the government announced it will press ahead with plans to remove large telecom companies and railway services from local...
This week’s local elections packed a few surprises. PF examines the results in authorities whose finance departments have been in the news during recent months.
The government has announced initial payments to help cover local authorities’ costs incurred when delivering the council tax rebate policy aimed at helping the public through the cost-of-living...
The Bank of England's Monetary Policy Committee has hinted that further interest rate rises are on the horizon, after it hiked borrowing rates for the fourth consecutive meeting.
Clive Betts, chair of Parliament's Levelling Up, Housing and Communities Committee has urged the government to provide additional funding to help authorities mitigate services pressures stemming from...
Network Rail could be forced to make yearly cuts of around £100m in maintenance spending up to 2023-24, leading to a reduction in services and greater safety risks for passengers,...
Central government inaction on giving councils in England the ability to hold remote meetings is preventing authorities from reducing the financial and environmental cost of transport,...
Boris Johnson is “very excited” by the prospect of allowing people who live in housing association properties to buy their homes at a discounted price, in plans critics have called “hare-brained”.
