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The National Audit Office (NAO) is to investigate whether asking councils to competitively bid for grant funding streams provides value for money. Since 2010, national government has introduced an array[…]
Scottish councils have been incentivised to overlook value for money when weighing up how to finance infrastructure spending, according to spending watchdogs. A report by the Accounts Commission and Auditor[…]
The National Audit Office has backed down on a proposal to allow the introduction of new reporting criteria for local authority audits during the lifetime of a new Code of[…]
The Public Works Loan Board (PWLB) could remain the only option to access borrowing for councils with poor credit ratings, according to industry experts. Local government finance experts gathered in[…]
Evidence implicates former senior management at a county council in offering a “highly irregular” multi-million pound loan to a developer seeking planning permission for a new garden community, a whistleblowing[…]
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[…]
