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The government has confirmed that the timing of the 2020/21 local government finance settlement will be a matter for the incoming government following December’s general election. Last year, the government[…]
The government should replace the “broken” business rates system with a new model that maintains income for local authorities, according to a report by Parliament’s Treasury Select Committee. In a[…]
Funding to replace EU grants for major projects could be better for councils after Brexit, the communities secretary has pledged. In his last appearance before MPs ahead of the general[…]
The Public Works Loan Board rate rise (PWLB) will add £18.9m to the cost of servicing Manchester City Council’s planned borrowing for capital projects, reducing its future borrowing capacity, it[…]
Cash is being diverted from key council services to pay for Brexit preparations, according to a survey of council chiefs. Think tank the New Local Government Network (NLGN) found that[…]
Two London boroughs have been chastised by the Local Government and Social Care Ombudsman for mistakes in pursuing business rate debts. In separate reports the ombudsman found both Haringey and[…]
The UK Municipal Bonds Agency (UKMBA) is set to replace the problematic “joint and several guarantee” with proposals for borrowers to take proportional liability for any defaults. The agency announced[…]
The Chartered Institute of Finance and Accountancy (CIPFA) is proposing changes to its financial resilience index – including the removal of the “traffic light” indicator on reserve levels – following[…]
The only arm’s-length management organisation to oversee homes in multiple councils faces closure with all the councils involved intending to take the service directly in-house. East Kent Housing (EKH) serves[…]
The Society of District Council Treasurers has asked the Treasury to create a new Public Works Loan Board discount rate, as councils reassess the viability of their regeneration and housing[…]
