Croydon looks for big returns on bricks and mortar
Croydon Council this week agreed to sell another 61 development sites to its wholly-owned housing company – Room151 explores the sums.
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Council beats Brexit deadline to approve multi-million investment fund
Cabinet members at Norfolk County Council have approved the creation of an investment fund in a move timed to allow access to European Union money before the UK completes Brexit.[…]
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Councils slam ‘misleading’ BBC reserves danger list
A number of councils have complained after the BBC last week named them as at risk of running out of reserves. In December, the Chartered Institute of Public Finance and[…]
Ministry repeats business rates blunder despite tightened oversight
The government has been left red-faced – and potentially £15m out of pocket – by repeating an error which last year cost it £36m and prompted major reforms to its[…]
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IFS: National debate needed to end ‘muddling along’ approach to council funding
The government will likely need to remove some service responsibilities from councils if it wants to end grant funding without granting new tax-raising powers, according to the Institute for Fiscal[…]
Norfolk raises savings target to £40m for next financial year
Norfolk County Council’s cabinet has agreed to increase its savings target to £40m for the 2020-21 financial year – at the same time as backing proposals for a £13.2m new[…]
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Businesses failing on LEP match funding, MPs told
Private sector firms are not matching public sector funding for local regeneration, senior civil servants have admitted. Two senior civil servants at the Ministry of Housing, Communities and Local Government[…]
Council commercialisation threatening good governance, MPs say
The Public Accounts Committee (PAC) says the government has not done enough to ensure local authorities adopt proper governance arrangements over their increasing commercial ventures. In a report released this[…]
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Spending watchdog probes council borrowing for property investment
The National Audit Office is investigating the growing trend of councils borrowing from the Public Works Loan Board to fund property investment, it has emerged. The probe was revealed by[…]
Spending Review set to outline ‘transition’ towards national tax devolution
The forthcoming Spending Review is set to pave the way for the devolution of some national taxes to local government, according to chief secretary to the Treasury, Liz Truss. Speaking[…]
