Around half of Local Government Pensions Scheme assets have been transferred to investment pools, despite a dip due to Covid-19, a senior civil servant said.
A combination of pressures from Brexit and the coronavirus pandemic could squeeze city council revenues and put more pressure on budgets, according to ratings agency Standard and Poor’s.
Changes proposed under the government’s Health and Social Care White Paper could be “destabilised” without fully funded reforms of the social care sector, MPs have warned.
The Supreme Court has allowed a group of local authorities to pursue a claim for business rates against landlords who transferred properties to special purpose vehicles, in a case which could result...
Legislation aimed at flagging up financial issues in UK local authorities is outdated and needs an overhaul, according to London Borough of Croydon's interim finance chief.
The government has finally plotted a target destination for 'levelling up' but many questions remain unanswered – not least on local government resourcing – says Joe Fyans, head of research at think...
The London Borough Croydon has proposed reprofiling a £69.2m arts centre refurbishment as capital spending, after council subsidiary Brick by Brick was “unable” to fund the project.
Belfast City Council has rejected a commercial investment strategy, put forward with the aim of helping raise additional funds and finance the authority’s Covid-19 recovery.
A tribunal decision has implications for whether public bodies can keep aspects of their financial activities confidential, writes public sector commercial solicitor Henna Malik.
South Lanarkshire Council has approved the transfer of £8m to its capital programme, after receiving additional Covid-19 funding from the Scottish Government.
Councils in England reported additional cost pressures of £12.8bn relating to Covid-19 in 2020-21, according to outturn figures from the Ministry for Housing, Communities and Local Government.
Some funding streams available to help local authorities in England fund energy-efficient initiatives are actively working against reducing emissions, a local government network organisation said.
The London Borough of Barnet’s internal audit team has found the council failed to hold accurate records of higher-value procurement contracts, against the authority’s procurement policy.
A council acted unlawfully by refusing a resident access to thousands of financial documents on the grounds it would have taken five weeks of staff time, a court has ruled.
London Borough of Newham has been granted permission to appeal a High Court decision which rejected its claim against Barclays Bank over historic Lender Option Borrower Option loans.
The current system, rather than building in checks and balances, has built a bank of spectators unable or unwilling to intervene until the vehicle has crashed, says councillor Graham Chapman.
