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15 Jan 21
The UK’s economy shrank by 2.6% in November, as a result of the second English lockdown, according to the Office for National Statistics.
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15 Jan 21
Proposed cuts to government funding for public transport body Transport for the North would “undermine levelling-up” and put planned improvement works at risk, according to the group’s finance chief...
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14 Jan 21
The Bank of England needs to improve its own understanding of its quantitative easing programme to improve its effectiveness, according to the bank’s internal watchdog.
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14 Jan 21
London Borough of Croydon is likely to lend more money to its cash-strapped housing company Brick by Brick, it has revealed.
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14 Jan 21
A future Labour government would produce 20-year projections for the public finances, according to shadow chancellor Anneliese Dodds.
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13 Jan 21
The Welsh Government is to pay back £3m in European Union grant funding following concerns raised by the Welsh spending watchdog over value for money.
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13 Jan 21
A 'back to the future' approach for local government audit is not realistic, according to Steve Freer, chairman of audit oversight body Public Sector Audit Appointments.
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12 Jan 21
A reform of current taxes would be more efficient and raise more money than a new levy based on wealth, according to the Institute for Fiscal Studies.
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12 Jan 21
Labour leader Keir Starmer has called on the government to back local authorities and prevent council tax rises to ease pressure on families.
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12 Jan 21
A proposed 9.5% council tax rise for the Greater London Authority council tax precept now rests on approval from ministers.
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11 Jan 21
The Treasury has confirmed that its Dormant Assets Scheme is to be expanded to cover accounts in insurance, pensions, investment, wealth management and securities sectors.
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11 Jan 21
Somerset County Council is to write to the prime minister Boris Johnson refuting claims by a county MP that the authority incorrectly used Covid-19 grant funding to balance its books.
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8 Jan 21
Wirral Council has spent £2m on purchasing the former Birkenhead House of Fraser store as part of its regeneration plans.
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7 Jan 21
Tom Scholar is to be reappointed as the permanent secretary to the UK Treasury, to serve his second five-year term in the position.
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7 Jan 21
The value of government contracts put out to tender last year fell 8% to £101bn, despite large Covid-19 deals, according to government contracts analysis firm Tussell.
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7 Jan 21
The UK’s economy could take until 2024 to reach pre-Covid-19 levels, economists at PwC have warned.
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6 Jan 21
Councillors at Lincolnshire County Council have rejected the option of using the 3% increase to the adult social care precept next year which was announced during the local government settlement.
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6 Jan 21
The Ministry of Justice failed to meet either of its financial management targets outlined in the 2015 Spending Review, according to the National Audit Office.
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5 Jan 21
Cash-strapped London Borough of Croydon will not need to issue a third section 114 notice this financial year, after advice from CIPFA.
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5 Jan 21
Local authorities borrowed £252m from the Public Works Loan Board in December, the highest sum borrowed since April, following November’s one percentage point drop in borrowing rate.
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5 Jan 21
Chancellor Rishi Sunak has announced a grant funding package worth up to £4.6bn to be allocated by councils, to help keep businesses in Britain afloat following the third national lockdown.
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4 Jan 21
Former CIPFA presidents Caroline Gardner and Brian Roberts have been honoured in the New Year’s Honours List.
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4 Jan 21
The High Court has granted permission for a judicial review into the legality of Local Government Pension Scheme exit payment cap regulations.
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21 Dec 20
The Welsh Government has proposed a one percentage point increase in its residential land transaction tax, the successor to stamp duty land tax, to help “support housing priorities”.
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21 Dec 20
Core funding for councils in England is set to be 3% lower in real terms per head next year than in 2015-2016, according to the Institute for Fiscal Studies.