News-in-Brief

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

Somerset Council has called for the government to “wipe out the historic self-financing debt still held in councils’ Housing Revenue Accounts” as it is

The government has been urged to recognise the “growing role” parish and town councils are playing, as data showed these authorities will raise £942m

Leicestershire County Council faces a “challenging financial outlook” despite a small predicted underspend which has allowed it to reduce its reliance on reserves. The

Lewisham Council has appointed housebuilder The Hill Group as its long-term strategic partner to accelerate the delivery of affordable homes, regeneration projects and investment

External auditors Grant Thornton have placed Somerset Council in the highest category [A] for financial accounts assurance recovery, reflecting confidence in the authority’s ability

Newcastle City Council will receive £141.4m of government funding to deliver 966 new council homes, after being selected to become a Strategic Partner in

Nottinghamshire County Council has written to the government to get “clarity” on the process behind its decision on local government reorganisation (LGR) in the

Glasgow City Council is set to finalise an investment partnership agreement with Scottish National Investment Bank (SNIB) and the institutional investor Aviva Capital Partners

Norfolk County Council has given notice to terminate a £6.3m consultancy contract related to local government reorganisation (LGR). The Reform-led authority branded the contract

Hart District Council is set to move an extra £1m into its local government reorganisation (LGR) reserve as it emerged that the process would

Reserves at Wyre Council are expected to dip by about a third this year as the authority prepares for local government reorganisation (LGR). According

St Helens Council is at risk of overspending its budget for the fifth consecutive year as it grapples with the surging cost of children’s

Somerset Council has identified £0.8m in earmarked reserves which are no longer required for their original purpose and can be released. A proposal to

Lincolnshire County Council has issued a formal request for information on the process leading to the government’s decision on local government reorganisation before deciding

Cambridge City Council will be able to make a “significant dent” in its waiting list for council homes after becoming one of only three

The Scottish government's planned mansion tax is likely to lead to “inconsistency, unfairness and confusion”, revenues experts have warned. The Institute of Revenues, Rating

Lincolnshire Council's long-term borrowing requirement for 2026/27 has been updated from £82.6m to £133.4m, a Q1 financial performance report showed. The update includes carry

The Pensions Administration Standard Association (PASA) has appointed a new chair.  Clair Alcock, board secretary at LGPS Advisory Board, has been appointed as the

Bournemouth, Christchurch and Poole Council has forecast a total general fund overspend of £27m for 2026/27, a report showed.  The overspend is being driven

Chichester Council’s investment income grew by £6m during 2025/26, a Q1 monitoring report showed.  As of 31 March 2026, the council held investments totalling

Bassetlaw Council has projected a deficit of £1.1m within its Housing Revenue Account as at Q1 2026, a finance and performance monitoring report showed.

A projected first quarter underspend at Coventry City Council masks significant underlying pressures in key services, members have been warned. According to a budget

The Welsh government has commissioned a review of the funding formula for local authorities – with any changes taking effect from the 2028/29 local

Whitehall officials are to be seconded into mayoral authorities from this autumn “to build capability and capacity and accelerate the transfer of power to