Fundamental reform of UK local authority finances is likely to be delayed further by up to two years, to assess Covid-19’s impact on local taxation, according to CIPFA chief executive Rob...
Brighton and Hove City Council has deferred a £1.2m loan payment from Brighton i360, a 530ft viewing tower, to help with its cash flow – over fears the attraction’s failure would cost more in the...
The UK’s debt repayments will be favourable, despite risks stemming from an elevated deficit and future Brexit-related shocks, according to ratings agency Moody’s.
Warwickshire County Council has approved plans to borrow up to £130m over the next five years, which it intends to pass on to businesses to help their long-term recovery from Covid-19.
CIPFA has praised Slough Borough Council’s finance director on the decision to publish a section 114, freezing all non-essential spending as the authority attempts to balance its budget.
The London Borough of Croydon may need to write-off up to £52m in loans to wholly-owned housing firm Brick by Brick, after rejecting the sale of the company.
The Municipal Bonds Agency – aimed at providing cheap borrowing to local authorities – faces doubts over its future after racking up pre-tax losses of £650,000 last year.
Eight struggling local authorities will be subject to financial healthchecks by CIPFA as they await approval on £72.5m of government support, ministers have announced.
An investment company set up to buy commercial property on behalf of two councils has suffered cumulative losses of more than £12.5m since it launched four years ago.
Powys County Council has agreed to wind down a housing maintenance joint-venture next year, halfway through the original contract term, and insource the services.
Government departments lack urgency in their efforts to measure fraud and error relating to Covid-19 spending, according to Parliament’s Public Accounts Committee.
Uttlesford District Council is applying for a credit rating to allow it access to a greater range of borrowing to fund its multi-million programme of out-of-borough commercial investments.
The government has proposed a three-year valuation period for business rates, alongside changes to the appeals process, in a bid to make the system more effective.
Leicestershire County Council will ask its schools to transfer £2m of funding to help meet a burgeoning special educational needs deficit, which presents a “significant risk” to the authority.
More than 85% of police forces in the UK have signed up to the latest iteration of a programme encouraging financial excellence in financial reporting.
Peterborough City Council’s external auditors have raised serious concerns about the financial situation of the authority, which has become reliant on additional government support.
Mounting costs relating to a block of flats with dangerous cladding could lead to a local authority lending millions to a council-owned company – money it admits might not be fully paid back
The government has rejected a proposal by the government actuary that would have allowed greater flexibility in public pension funds’ response to rising costs.
