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The Chartered Institute of Public Finance and Accountancy (CIPFA) has urged councils to ensure that they have the right procedures in place to protect against sophisticated financial crime. Last month,[…]
Non-ringfenced revenue reserves held by councils rose by 8.7% to reach a total of £23.7bn during 2018/19 last year, according to official figures. The Ministry of Housing, Communities and Local[…]
The system of business rates retention cannot survive in the long-term without significant reform and the consideration of alternatives due to changes in the economy, according to a report by[…]
Three councils and the Greater London Authority have each been awarded funding ranging from £80m to £318m to deliver infrastructure projects in support of new homes. Chancellor Sajid Javid said[…]
A number of LGPS pools’ equity strategies are inconsistent with the aggressive outperformance targets they have set, according to an influential report into the sector. This year’s Local Authority Pension[…]
Northamptonshire County Council faces a fresh financial crisis after a £34.9m budget gap for 2020/21 opened up. A review of the council’s medium term financial plan (MTFP) published this week[…]
Councils have warned they need certainty about funding reforms and revenue, following the chancellor’s decision to hold a one-year funding review. Local authorities called for funding to ease cost pressures[…]
Auditors scrutinising local authority accounts and the body responsible for appointing them have come under fire after new figures showed 40% of audit opinions missed the target date of 31[…]
Auditors have issued a qualified adverse opinion on Reading Borough Council’s 2016/17 accounts – almost two years late due to a litany of problems. In a stinging assessment, audit firm[…]
The government’s decision to push ahead with a one-year spending review has prompted alarm from local government experts that it could force a delay in the implementation of the Fair[…]
