News-in-Brief

Chesterfield Borough Council has set an indicative efficiency target of up to £1m, a report showed.  As it currently stands, the council will need

The Border to Coast partner fund has shifted £173m from equities to gilts against the context of record-level bond yield rises. The £7.4bn Surrey

West Dunbartonshire Council is facing a cumulative budget gap of over £52m, presenting a “significant risk” to its financial sustainability. According to a best

North Lincolnshire Council has projected an overspend of £4.9m due to social care pressures, a financial position 2026/27 report showed.  The current revenue forecast

Merton Council has projected a £2.6m overspend for 2026/27 due to cost pressures in children’s services, temporary accommodation and adult social care, a report

Edinburgh City Council has received a £38.4m loan from the National Wealth Fund to support the development of a regeneration project.  The fund’s backing

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