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 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.
Government departments lack urgency in their efforts to measure fraud and error relating to Covid-19 spending, according to Parliament’s Public Accounts Committee.
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.
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.
The Government Actuary’s Department has proposed new measures to allow greater flexibility over action taken due to rises or falls in public pension fund costs.
Guidance on the environmental, social and governance of local authority counterparties will be included in the risk management section of the revised Treasury Management Code, in a switch of approach.
Proposals released today putting a greater emphasis on quality in the awarding of local government audit contracts would see fees rise if adopted, according to an expert.
The lack of a multi-year funding settlement for local government has left Hampshire County Council with a £80m shortfall in the next two years, it says.
The Court of Appeal has thrown out an appeal from the London Borough of Merton which argued that a Nuffield Health leisure centre should be fully liable for business rates.
