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The government must urgently publish its plans for the Shared Prosperity Fund, the proposed post-Brexit replacement for European Union structural funding, according to MPs. Local authorities need certainty over the[…]
Brexit uncertainty helped fuel almost £2bn of borrowing from the Public Works Loan Board in March – the highest monthly total for seven years. Councils took advantage of plummeting interest[…]
An overwhelming majority of senior council finance officers believe that the Ministry of Housing, Communities and Local Government’s (MHCLG) Fair Funding Review will result in a reshuffle of existing resources[…]
Tom Harris, UK local government research officer at the Institute for Fiscal Studies, makes the case for income tax devolution. With Westminster in turmoil over how (and whether) to ‘take[…]
The UK Municipal Bonds Agency (MBA) is poised to undertake a major revision of strategy and remove a key hurdle to participation after five years’ of unsuccessful attempts to issue[…]
A London borough has agreed an innovative lease deal, predicted to earn it £600,000 a year – and leave it holding the freehold of a central London development site worth[…]
Chancellor Philip Hammond dangled the prospect of a three-year Spending Review with an increased funding envelope later this year – but only if a Brexit deal is reached with the[…]
Peterborough City Council yesterday approved its budget for 2018/19 after council leaders vigorously denied suggestions the authority might be spending capital receipts unlawfully. An article on news website the Huffington[…]
Councils used millions of pounds in loans from the Public Works Loan Board in January to convert short-term debt into longer-term borrowing. Government figures show that local authorities took a[…]
Councils have defended their use of capital receipts to fund redundancy packages, in the face of criticism from an article published on the Huffington Post website. In 2015, the then[…]
