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In the news

Thurrock receives £200m debt support despite ‘dangerous precedent’ concerns

Essex LGR decision ‘tainted by irrationality’

Dan Bates: the opening day financial positions of new unitaries

Businessman took ‘substantial part’ of £130m Thurrock investment

Government to repay £200m of Thurrock’s debt as four LGR decisions are made

More councils see exceptional financial support requests granted for 2026/27

Finance team recruitment struggle a ‘risk’ to recovering Thurrock

2025 in review part one: January to June

Woking and Spelthorne to be exempt from Section 24 directions as part of LGR

Two-unitary Surrey LGR proposal chosen as government repays £500m of Woking’s debt

Essex asks government to cover £74m LGR costs and resolve debt issue

The debt debate: why council borrowing headlines miss the point

Power grab or driver of change? The Devolution Bill debated

LGR savings picture clouded by government’s lack of own analysis

Jane West to leave Croydon s151 role

Local authority debt in the spotlight as £2.9bn of assets sold in two years

Croydon commissioners confirmed; Thurrock intervention extended

Phone a friend: why treasury advisors are a lifeline, not a luxury

5% council tax increases ‘baked in’ to three-year settlement, confirms Treasury

Croydon calls for debt write-off following Woking and Thurrock decisions

Thurrock’s £1.1bn debt and structural deficit prompts intervention extension

Government reaffirms support for Woking’s irrecoverable debt

David Janes: local authority investment in low carbon energy

Thurrock welcomes Serious Fraud Office investigation into bond schemes

Reorganisation a ‘shadow hanging over’ Woking until unitary created

Warrington’s ‘high risk’ portfolio under fire as minister outlines anti-investment arm stance

LGR ‘financially beneficial’ but won’t plug Surrey’s projected budget gap

FRC sanctions former Thurrock s151 officer

System repair needed not ‘meaning of life’ debate, says Jim McMahon

Woking and Thurrock to receive debt bailouts from government

Thurrock to refinance £215m in low-rate PWLB loans amid market volatility

Thurrock finance commissioner appointed

‘Naughty lists’ in council lending market risk breaking the system

Major DSG deficit concerns continue to be highlighted in financial monitoring reports

Woking and Thurrock show progress, but financial risks remain, say commissioners

Thurrock suspends legal dispute against APSE

The blame game: why are s151 officers always in the firing line?

Council funding crisis deepens as 30 authorities granted EFS

FRC launches investigation as Woking seeks £171m of EFS

Reorganising to survive: can devolution solve local government’s financial crisis?

Nicole Wood appointed chief executive of Essex County Council

2024 in review part two: July to December

Thurrock legal claim against 23 councils confirmed

Thurrock and APSE: a dispute like no other that has broad financial and best value implications

‘If we don’t transform, we won’t exist’: innovating in a financial crisis

Would a standardised approach to inter-authority lending criteria avert fears over ‘reputational risk’?

‘Reputational risks’ impact inter-authority lending amid debt scrutiny

UNISON: councils ‘teetering on the brink of financial disaster’

Spike in short-term government lending to local authorities

Thurrock accuses businessman of misusing £150m ‘largely for personal benefit’

Manchester City Council to refinance £400m of borrowing over coming years

Thurrock requires £26.5m more in borrowing to balance budget

Borrowing trends: is the local government debt trajectory sustainable?

Political parties’ ‘silence’ on local government finance likely to push more councils to the brink

Government rejects public inquiry into Thurrock failings

Inter-authority lending market: invest now ‘to make hay while the sun shines’

LATIF North in review: charting a future course

Housing151: government must take a ‘more sensible’ attitude towards debt

Local government minister reports good progress at Liverpool and Thurrock as Sandwell intervention ends

Government approves capitalisation directions at 19 councils

Tony McArdle and Margaret Lee appointed as Nottingham commissioners

95% of authorities to implement maximum council tax

‘We have a long-term solution to local authority finance woes government can quickly adopt’: Christian Wall and June Matte interview

Steven Mair appointed as Bradford’s director of finance

Thurrock sells solar farm portfolio for £700m

Somerset seeks to increase council tax to 10% to bridge £100m overspend

FRC to carry out investigation into Thurrock’s failed investment strategies

2023 in review: the best stories in local government finance

Provisional local government settlement offers 6.5% funding increase but “fails to ease” long-term crisis

Nick Haverly: love it or list it? Balancing council finances through property disposal

Max Caller: an s114 is a sign of failure on behalf of the officers, the members or both

Dan Bates: councils are more than the sum of their debt

Government appoints new commissioners at Thurrock Council

Reputational damage driving fall in local-to-local loans market

Councils face funding shortfall exceeding £3.5bn

LATIF and Finance Directors’ Summit in review: finding solutions to a sea of challenges

Thurrock commissioners: authority still at ‘risk’ despite ‘good progress’

Chris Buss: is the wolf really at the door now?

Birmingham City Council issues section 114 notice

Michael Hudson interview: ‘my focus is on the customer journey, experience and outcome’

Stephen Sheen: local authority financial failure and the mystery of the lost audit objective

Arlingclose implicates “too late and too weak” regulators in slew of section 114 notices

The recent spate of s114 warnings is ‘deeply troubling’ for local government

OBR: £96bn local authority borrowing presents ‘risk’ to public finances

Conrad Hall: who broke my local council?

From the LGA conference room: Michael Gove shapes Oflog’s purpose

PAC: audit delays impeding accountability for £100bn of council spending

Thurrock’s failings laid bare: DLUHC publishes damning report into council’s ‘systemic weaknesses’

Published 22/23 draft accounts show ‘worrying’ decrease in councils’ reserves

Current funding systems ‘aren’t fit for purpose’ says Oadby and Wigston as it welcomes government intervention

Govt ‘minded’ to give Thurrock, Slough and Croydon cash injection of nearly £900m

Council failure and the ‘West Didsbury Question’

Districts ‘disappointed’ at final finance settlement

Thurrock plans to receive £182.5m of government support

Gove announces further intervention in Thurrock

Thurrock proposes council tax increase above referendum limit

Thurrock’s s151 issues section 114 notice

Thurrock Council ‘facing s114 before Christmas’

Thurrock’s failed investments cause £469m funding gap

Thurrock’s s151 says council faces ‘significant risk’ from £836m PWLB borrowing

Levelling up secretary warns of ‘consequences’ for councils that mismanage finances

Clark announces intervention into Thurrock Council as leader resigns

Finding private sector solutions to the housing crisis

Room 151’s top news stories of 2019

Rise in council spending on land and buildings slows

Warrington to launch £75m social impact investment fund

Thurrock winning fraud battle

Thurrock claims lending drop after BBC report

Councils slam ‘misleading’ BBC reserves danger list

Essex Pension fund to award property mandate

Warrington doubles down on solar farm investments

Half of councils ‘draw down on reserves’

CIPFA president Andrew Burns on LATIF 2017 and the drivers of commercial investment

Solar Bond investments: A lightbulb opportunity for council investment

Virgin Media rates appeal prompts £180m in provisions

Three councils combine to invest £12m in solar farm bond