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Local Government Pension Scheme investments in equities dropped by 3.2% in 2017/18 as overall assets rose by 5% compared to the previous year to £275bn, according to the Scheme Advisory[…]
Future versions of the Fair Funding Review should be carried out by an independent body, according to Rob Whiteman, chief executive of the Chartered Institute of Public Finance and Accountancy.[…]
The Public Accounts Committee (PAC) says the government has not done enough to ensure local authorities adopt proper governance arrangements over their increasing commercial ventures. In a report released this[…]
The National Audit Office is investigating the growing trend of councils borrowing from the Public Works Loan Board to fund property investment, it has emerged. The probe was revealed by[…]
Northamptonshire County Council has turned a projected overspend of more than £30m for 2018/19 into a budget surplus of £1m in a turnaround described by the authority’s executive financial director[…]
Extinction Rebellion protesters this week derailed a speech by local government minister Rishi Sunak to demand he gives council pension funds greater powers to disinvest from fossil fuel companies. Evading[…]
Eastleigh Borough Council has repaid £300m of short-term borrowing from other local authorities, using Public Works Loan Board cash. The council has repaid the cash, which makes up around three[…]
The forthcoming Spending Review is set to pave the way for the devolution of some national taxes to local government, according to chief secretary to the Treasury, Liz Truss. Speaking[…]
Hertfordshire County Council is facing a funding gap set to grow to £90m in four years’ time, with plans in place expected to account for half of the shortfall, according[…]
The National Audit Office has reported a significant improvement in the financial transparency of England’s Local Enterprise Partnerships (LEPs) after section 151 officers were given extra responsibility for ensuring that[…]
