Communities secretary Robert Jenrick has promised to lobby the Treasury “very strongly” to ensure councils receive the funding they need at the Comprehensive Spending Review.
The Royal Borough of Windsor and Maidenhead has approved an action plan after a CIPFA report highlighted a lack of transparency around the financial implementation of capital schemes.
Basingstoke and Deane Borough Council and Hampshire County Council have signed a contract with developer Urban and Civic to deliver a £1.2bn housing project.
Changes to the current Public Works Loan Boards lending terms should avoid “unintended consequences” that harm regeneration projects, CIPFA has warned.
Tramlink, a Private Finance Initiative which runs Nottingham City Council’s tram network is losing £404,000 a week as a result of Covid-19, the authority has revealed.
Kirklees Council has agreed to underwrite up to £4m of losses to ensure the medium and long-term future of its leisure services provider Kirklees Active Leisure.
Ratings agency Standard and Poor’s has downgraded the credit rating of an NHS hospital Private Finance Initiative company after identifying “strained relationships” with its commissioning trust.
Additional grant funding of around £10bn will be required if the government is to meeting social housing demand, according to the Housing, Communities and Local Government Committee.
MSPs have launched an inquiry into Scottish local government finances aimed at working out whether Covid-19 will lead to a “new normal” in the way services are delivered.
Central government has failed to give local authorities enough clarity over long-term funding during the coronavirus pandemic, according to a report from the Public Accounts Committee.
The government is asking for views on the potential of a capital values tax or online services tax to replace business rates in its comprehensive review of the tax.
Delayed local government audits are to blame for the Treasury’s slow production of the Whole of Government Accounts, according to the National Audit Office.
The Covid-19 response has brought to the surface a new set of tensions to bedevil central and local government relations, which may imperil recovery efforts
Local authority borrowing continued to rise in June to £3bn, £100m more than in May, and ten times higher than the figure for June 2019, according to figures from the Office for National Statistics.
Councils borrowed £875m for housing projects in March from the Public Works Loan Board after the introduction of a special rate for housing revenue account projects in the Budget.
Birmingham City Council has received the biggest allocation from the government’s latest £500m pot to support councils with spending related to Covid-19.
Councils have demonstrated their value like never before in helping tackle the Covid-19 pandemic. Finance departments may not be directly on the frontline, but their role ensuring that public money...
Luton Borough Council has agreed a “horrendous” package of spending cuts after the airport operator it owns declared it could not make an expected £16m dividend payment due to Covid-19.
The government is “blind” to the extreme risks some councils have exposed themselves to through their commercial investments, a report by the Public Accounts Committee has claimed.
