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,...
Councils received £700m more than they spent last year, down 90% on the 2021-22 surplus, while the overall public sector deficit fell by more than a half.
A waste authority has borrowed £250m through the Public Works Loan Board after market turbulence halted immediate plans to issue a bond through the UK Municipal Bonds Agency.
A Local Government Pension Scheme pool that handles assets for 11 local government pension schemes has launched a second series of its private markets programme, including a distinct climate-related...
Councils in England have been banned from using capital receipts to fund discretionary redundancy payments, the government announced, as it extended spending flexibilities for service reforms....
Warrington Borough Council is expected to receive all its investment back from its stake in failed energy firm Together Energy, which went bust in January, according to its administrators.
The London Borough of Camden has joined the growing number of authorities in the UK to launch a community bond to help finance carbon reduction projects.
In the latest twist to a long running saga, Newham Council has reached an out of court settlement with Barclays Bank to end litigation relating to a dispute regarding Lender Option Borrower Option (...
Local government pension schemes face tough decisions on ridding themselves of any Russian investments, according to the secretary to the LGPS Scheme Advisory Board.
Slough Borough Council says it needs a minimum of £479m in support from central government – a figure it claims could rise much higher if it fails to meet “challenging” savings targets.
The London Borough of Croydon has warned it is at risk of issuing a Section 114 notice next year, after auditors raised questions about the accounting treatment of £73m received from subsidiary...
We are living through uncertain economic times. This week, a group of chief investment officers gathered to discuss some of the main global issues which are likely to impact their decisions in coming...
The Bank of England is set for only modest interest rate tightening in the coming months to deal with high inflation fuelled by supply chain backlogs, according to a senior official.
A district council will now aim to keep its commercial property for the long term following changes to CIPFA’s Prudential Code, having previously planned to sell it and use the money to fund new...
The London Borough of Newham has reached an out-of-court settlement with Barclays Bank over alleged rigging of borrowing rates on lender option borrower option (LOBO) loans, a deal...