News-in-Brief

A projected £20.9m overspend has required Brighton & Hove Council to approach the Ministry of Housing, Communities and Local Government (MHCLG) for more exceptional

Halton Borough Council has projected a £72.6m budget gap by 2031/32 if current levels of spending are maintained, a report showed.  This represents 33.53%

The removal of “unnecessary” net zero-related projects and associated borrowing costs are part of initial draft savings proposals to be presented to Newcastle-under-Lyme Borough

Devon County Council is seeking reimbursement for costs incurred in preparations for local government reorganisation (LGR) before the programme was paused. Transition funding of

Burnley Council held £28.5m in treasury investments as of 30 June 2026, a council report showed.  Of the £28.5m in place in Q1 2026/27,

Leeds Council has projected a £261m budget gap over the next five years, a council report showed.  £9m alone is forecasted for 2027/28 due

The Border to Coast partner fund has increased its allocation to multi-asset credit by £132m during the quarter to 30 June 2026.  The £4bn

The £5.5bn Norfolk Pension Fund, which in April joined LGPS Central, has made four important appointments. The fund has appointed Clifford Sims as its

Cheshire West and Chester Council has projected a £9.4m overspend during 2026/27, a financial performance report showed.  The council has forecast an overspend of

Wiltshire Council has warned that its projected £6.74m overspend for 2026/27 is “not tolerable”, a Q1 revenue budget monitoring report showed.  The report said

Tom Riordan has been appointed as the new permanent secretary of the Ministry of Housing, Communities and Local Government (MHCLG). The former chief executive

Epping Forest Council has projected a funding shortfall of £2.7m by 2028/29, a budget monitoring report showed.  The authority's medium-term financial plan (MTFP) identified

Rotherham Metropolitan Borough Council has forecast a £5.9m overspend for 2026/27 mainly due to pressures within social care, a financial monitoring report showed.  The

A London Collective Investment Vehicle (LCIV) partner fund has reinvested £140m in credit, its latest Investment Performance report showed.  The £1.95bn Barnet Pension Fund

The Wales Pension Partnership Investment Management Company (WPP IM Co) – the investment manager for the eight LGPS funds in Wales through the Wales

Several mayoral and combined authorities have agreed to enter strategic partnerships with the National Wealth Fund to support local growth projects.  The authorities involved

The government has officially begun the process of repaying Woking Borough Council’s £2bn debt.  The first repayment was completed on 1 September 2026 with

Bath & North East Somerset Council has set out proposals that would see a shift in focus in the way the authority works to

“Robust” financial management and ongoing transformation have contributed to a “significantly improved” financial position at Sheffield City Council compared with previous forecasts. An updated

The £1.1m in government funding for Dorset Council to help prevent homelessness will be used in securing accommodation earlier, improving homelessness prevention services, and

Like many LGPS funds Oxfordshire has been hit by turmoil in the markets, according to reports for its June Pension Committee meeting. Oxfordshire has

Glasgow City Council is at a “critical point” as it faces a budget gap of at least £110m between 2026/27 and 2027/28, Scotland’s Accounts

Kensington and Chelsea, Wandsworth, and Westminster councils have said they intend to submit proposals under the Sustainable Communities Act to call on the government

The £3bn Berkshire Pension Fund, which is part of the LPPI Pool, has appointed a senior LGPS officer in accordance with the new Fit

Another LGPS fund has seen the impact of the uncertain market environment with a mix bag of investments, as revealed by the pensions and