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GLA retains high financial rating Ratings agency Standard & Poors has affirmed its AA+ rating for the Greater London Authority, despite its high debt levels. The agency said that negative[…]
Councils in England will see an overall cut to their funding of 9.4 per cent and 13.2 per cent over the next two financial years, the government has confirmed. The[…]
In our final Ask the Auditor of 2013, Graham Liddell from Grant Thornton UK LLP reflects upon the year and feedback from local authorities to set out his hopes and[…]
Property rationalisation is an obvious win for councils but sovereignty struggles can get in the way argues Steve Bishop, strategic director for South Oxfordshire and Vale of White Horse District Councils I was a[…]
Suffolk County Council has decided to insource its finance and human resources functions, concluding that the move would be cheaper than continuing its outsourcing arrangements with BT. The council, along[…]
Credit booms essentially involve people spending future anticipated income receipts now rather than using savings made from prior income receipts, with such savings really being just deferred spending. But interestingly[…]
In the UK next week, unemployment data will attract attention. We expect the unemployment rate to drop again to 7.5% from 7.6%. CPI data will also be released. We expect[…]
Weaver takes up loan board role Mike Weaver, former president of the Chartered Institute of Public and Accountancy, has been appointed as a commissioner at the Public Works Loan Board.[…]
Surely not, I hear you cry. If the devolved government actually prevented local authorities from using one of the most secure and liquid investments available, then it would cause an[…]
Council leaders in London have decided to press ahead with plans for a collective investment vehicle (CIV) to jointly manage their pension pots, despite a government consultation which could scupper[…]
