News-in-Brief

With most of its liquid assets now being invested with the Border to Coast pool, the £3.5bn Lincolnshire Pension Fund is now embarking on

Wokingham Borough Council is forecasting a £2.5m overspend amid funding changes which it said would have a profound impact on its financial sustainability. According

Newcastle City Council’s chief executive Pam Smith has been appointed as the next president of Solace. Smith has been Solace’s policy lead for economic

A South Holland District Council motion has called on the government to reimburse the authority’s local government reorganisation (LGR) costs. The motion would direct

Hull City Council has requested an urgent meeting with government about the amount of funding allocated to the council, with the local government financial

North West Leicestershire District Council has forecast that its reserves will fall by £17m before 31 March 2027, a report showed. The council’s reserves

The London Collective Investment Vehicle (LCIV) partner fund has committed £60m to private credit to rebalance its portfolio as part of a strategic rebalancing

Cornwall Council’s section 151 officer Annabel Scholes has stepped down for personal reasons after six months in the role. Her departure follows the announcement

The City of London Corporation is considering a “range of options” as it tackles a £70m budget shortfall. Media reports following an emergency finance

Norfolk County Council has written to government to call for urgent action in the Autumn Budget to address its “significant financial risk from the

Rother District Council has asked its heads of service to find savings of 20% on their gross budgets, a draft budget report showed. The

Hackney Council has projected a medium-term budget gap of £21.519m by the end of 2029/30, an overall financial position report showed. This was up

Tees Valley Combined Authority will undergo a best value inspection, with ministers appointing lead inspector Laura Shoaf. The inspection will assess the authority’s compliance

Oxfordshire County Council has issued a pre-action protocol letter to the government over its decision on local government reorganisation (LGR) in the county. The

Hillingdon Council has delivered 54% of its £27.090m savings target for 2026/27 so far, with a further 23% on track, a financial monitoring report

North Somerset Council is forecasting an overspend on its revenue budget of £6.527m this year, equivalent to 2.6% of its budget, a finance update

London Councils has called on the government to use the Autumn Budget to deliver a new, fully devolved multi-year funding settlement to tackle youth

West Sussex County Council has projected a cumulative budget shortfall of £63m by 2031/32, a report showed, with a reduction in the council’s core

Greater Manchester Pension Fund (GMPF) has expanded its place-based investment portfolio with a new allocation to social infrastructure. The Northern LGPS fund has committed

Government plans for every area in England to be covered by a strategic authority by 2028 risk failure unless action is taken to prevent

Powys County Council is set to fund £78.3m (48.8%) of its capital programme through borrowing, a treasury management report showed.  The 2026/27 capital programme

Wakefield Council has projected a budget gap of £64.9m by 2031/32, a medium-term financial strategy (MTFS) report showed.  The report also showed an with

Norfolk County Council has withdrawn a proposed sale of a wholly owned care company after the new administration determined that the sale “is not

Chesterfield Borough Council has renewed £10m of short-term borrowing at around 4.7%, a treasury management Annual report showed. This was the only additional short-term borrowing

The Autumn Budget is a “vital opportunity” to support London’s housing and growth ambitions and “realise London’s potential”, according to Anthony Okereke, London Councils’