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The fees council pay for their external audits are set to be frozen for the second year running despite increasing cost pressures on audit firms, according to the body responsible[…]
A Northern Ireland council has voted to increase its domestic rate bills by almost 8% after being told by the Chartered Institute of Public Finance and Accountancy (CIPFA) that its[…]
The UK Municipal Bonds Agency (UKMBA) today launched its long-awaited first bond into the market, ending a six-year wait. In January, Room 151 broke the news that the UKMBA was[…]
The government’s spending watchdog has urged the government to review the regime governing councils’ capital spending, concluding that their activity in the commercial property market raises questions about whether it[…]
A back office shared services initiative run by three London councils is to create a “finance academy” to improve budget management and financial control. The move is being made as[…]
A county council has warned of “predatory” lenders circling the local government sector in the wake of the government’s decision to raise the Public Works Loan Board (PWLB) interest rate.[…]
Northamptonshire County Council is on track to underspend on its 2019/20 budget, despite a predicted overspend of £7.5m on children’s services. In August, Room 151 reported that the authority faced[…]
The Scottish finance minister has launched a stinging attack on the UK Treasury over their response to two letters she sent them voicing concerns over the impact on Scottish infrastructure[…]
Three London local government pension bodies have announced plans for a new fund worth hundreds of millions of pounds, focused on housing and infrastructure investment. Subscribe for FREE to the[…]
A successful business rates appeal by online retailer Amazon has left a Staffordshire council needing to take £863,000 from reserves to balance its budget this year. Late last year, the[…]
