An improving financial position for Wirral Council has led to the authority reducing the level of expected government support this year by £3.5m, according to its finance chief.
Nottingham City Council has proposed more than £12.2m of new savings, to help manage a widening budget deficit next year, including closing multiple children’s centres.
The government is set to reduce the amount of grant funding pots available to local government, to help simplify the bidding process, a senior minister has told MPs.
A London council has begun a ‘key amnesty’ aiming to reduce tenancy fraud, promising “no questions asked” of those who have been using council homes illegally.
The government’s proposals to scrap a £50m school improvement grant has been criticised by local authorities, with educations budgets already stretched.
CIPFA has announced its intention for a ‘soft launch’ of its forthcoming revised Prudential and Treasury Management Codes, with full implementation set to be expected for 2023-24 strategies.
The Bank of England’s base rate will remain at its all-time low of 0.1% after the Monetary Policy Committee voted to hold fire on an increase – despite predicting inflation will reach 5% next Spring.
UK councils will have an additional three months to deliver projects from a post-Brexit funding pot, after the government yesterday announced the delayed allocations.
MPs have slammed the Ministry of Defence for “repeatedly wasting taxpayers’ money” by failing to improve its procurement system, which the UK depends on for national security.
An energy company owned by Warrington Borough Council has delayed complying with an order to pay £12.4m to regulator Ofgem, running the risk of losing its licence to supply energy.
The government should not provide additional financial flexibilites to Peterborough City Council unless it offloads at least £43.5m of property, according to a review by CIPFA.
A government-appointed improvement board has voiced worries about the Nottingham City Council's timetable for adopting a medium term financial strategy, which is seen as key to delivering financial...
The quality of local audit improved on last year despite "disappointing" performance on meeting deadlines, according to the Financial Reporting Council.
North Northamptonshire County Council has promised to review its systems, after sending out court summons and taking early council tax payments in error.
Accountancy firm Grant Thornton has been fined more than £700,000 by the Financial Reporting Council for serious failures connected to its auditing of outsourcing firm Interserve.
The administrative costs of Local Government Pension Schemes rose again last year, with one expert putting the rise down to due a rise in asset values.
NHS supply chain finance schemes promoted by former Downing Street advisor Lex Greensill delivered no evidence of promised savings, according to the National Audit Office.
Experts are sceptical that £2.6bn announced in the 2021 Autumn Budget and Spending Review to replace European Union support will be enough to meet previous sums.
