Rising service demand combined with high inflation and rising interest rates has made delivering a balanced budget “very difficult to achieve” without further government support, a councillor at...
Construction delays and overspends on existing developments mean the government will miss its election target to build 40 hospitals by 2030, the National Audit Office has warned.
Hundreds of thousands of public sector workers will get a pay rise now the government has accepted pay review body recommendations, but not funding that pay rise with extra money will mean services...
Councils will have to make cuts or raid reserves to meet rising costs amid a forecast £2bn funding shortfall this year, the Local Government Association has warned.
The coming years will be defined more by politics than the economy, despite inflation and the cost-of-living crisis dominating the agenda right now, Public Finance Live heard.
Almost three-quarters of councils in England have used reserves to pay for ballooning adult social care costs – a fact care leaders have highlighted as unsustainable.
Persistent inflation has led to the Bank of England raising its bank rate for the twelfth time in a row, but commentators have warned that the economy could suffer as a result.
A shrinking budget and higher spending needs could force Northern Irish departments to make £800m of cuts this year, the nation’s financial watchdog has warned.
The government must do more to support the most vulnerable families through the cost-of-living crisis as food prices continue to rise, experts have said.
High inflation and reliance on imported energy mean the UK is set for the slowest GDP growth among large developed countries, the International Monetary Fund has said.
Rising construction and labour costs have caused “slippages” and budget gaps in projects linked to a £1.3bn investment deal in south Wales, senior council officers have said.
Scottish council leaders have claimed the latest local government pay offer is fair and recognises the importance of the workforce, despite opposition from unions.
Delivering the Euston terminus of HS2 will cost almost double its budget despite changes to the scheme aimed at reducing costs, the National Audit Office has said.
The Bank of England’s decision to raise interest rates at an eleventh consecutive Monetary Policy Committee meeting shows it is less focused on financial stability risks than fighting inflation at...
Despite higher tax income and lower spending on energy support, the government has less fiscal headroom than any in recent years, the Office for Budget Responsibility has said.
Government proposals to move the date for annual Local Government Pension Scheme valuations mere weeks before the valuations take place will create further administrative burdens for funds, experts...
Councils need additional income-raising powers and longer-term funding allocations in order to run sustainably, so the local government settlement remains a missed opportunity, senior figures in the...
Inflation being predicted to fall sharply this year was not enough to keep the Bank of England from raising interest rates for the tenth consecutive meeting of its Monetary Policy Committee.
