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Prime minister Boris Johnson declared he was impressed with Spelthorne Borough Council’s initiatives during a visit to one of the authority’s out-of-borough commercial property investments. The authority’s well-publicised borrowing spree[…]
Oxfordshire County Council is set to approve plans for a workplace parking levy to raise up to £100m for new bus, cycle and pedestrian infrastructure. The council’s cabinet will next[…]
UPDATED: Lancashire County Council has been revealed as the local authority set to become the first borrower from the UK Municipal Bonds Agency (UKMBA). Last week, Room 151 revealed the[…]
The government is minded to exclude councils’ commercial income from calculations on how much funding they receive from central government, according to a senior official working on the Fair Funding[…]
The provisional local government finance settlement for 2020/21 is the “least worst” for local government in a decade, according to the chair of the Local Government Association resources board. Speaking[…]
Two Local Government Pension Scheme (LGPS) pools and two funds have joined a group of investors calling on Barclays bank to cease fossil fuel investment. Brunel Pension Partnership, LGPS Central,[…]
The UK Municipal Bonds Agency is poised to launch its long-awaited first bond within weeks, with a second issue set to follow before the end of the financial year. Councillor[…]
Around 10% of councils still face potential risks to their financial stability, according to an updated version of CIPFA’s financial resilience index. The Chartered Institute of Public Finance and Accountancy[…]
A judge yesterday threw out a claim by 17 NHS trusts that they are charities and should receive millions of pounds of business rates relief. Derby Teaching Hospitals NHS Foundation[…]
Councils borrowed just £80m through the Public Works Loan Board (PWLB) during the first full month since the Treasury’s rate rise, a mere 4% of August’s total. Just two authorities[…]
