News-in-Brief

Somerset Council is reporting a "level of expenditure that is not financially sustainable" in its Q2 revenue forecast as general reserves remain £6.9m below

Ealing Council had delivered just 37% of its 2026/27 savings at the halfway point of the financial year, a budget monitoring report showed. The

London CIV’s head of private markets has announced her departure. Vanessa Shia, head of private markets at London CIV has confirmed her departure at

Cumberland Council is set to cut its borrowing requirement following a £75.7m slippage in its major capital schemes. Councillors will next week be asked

Bradford Council is expecting 2027/28 to be its first year since 2022/23 without reliance on exceptional financial support (EFS), a budget savings proposals report

Broxtowe Borough Council has forecast that its general fund balance would fall to a negative £1.286m by 31 March 2030 without mitigating actions, a

City of York Council has forecast an overspend of £5.16m for 2026/27, with adult social care the main area of pressure, a finance and

Nottinghamshire County Council has issued a claim for judicial review over the government’s local government reorganisation (LGR) proposals for the county. The claim followed

North Norfolk District Council’s capital financing requirement (CFR) is projected to rise to £28.167m by the end of 2026/27, from £17.798m at the start

Gravesham Borough Council has projected that its earmarked reserves will fall by £5.170m in 2026/27, a budget monitoring report showed. Working balances were forecast

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