News-in-Brief

Shropshire Council secured £35m of new borrowing in the second quarter of 2026/27, a treasury management update showed. This comprised of £15m of PWLB

Kirklees Council has forecast a deficit of £67.8m on its MTFS by 2031/32, a budget strategy update showed. The most immediate issue is a

Horsham District Council has forecast a deficit of £5.574m in 2029/30, an update to its medium-term financial strategy showed. The report said the council

Liverpool City Council is to begin the recruitment process for a permanent corporate director of finance and section 151 officer following Ian Williams’ resignation.

Bromsgrove District Council held £9.2m in money market funds at 30 September 2026, its treasury management half-yearly report showed. The funds achieved an income

North Yorkshire Council is planning to invest £771.5m in capital schemes over its capital plan period, a quarterly performance and budget monitoring report showed.

Coventry City Council has forecast a £9.5m favourable treasury management position for 2026/27, its second quarter financial monitoring report showed. The report said this

Oxfordshire County Council’s investment income beat its budget by £1.935m in the first six months of 2026/27, a treasury management mid-term review showed. Total

Newham Council has forecast a general fund overspend of £8.312m for 2026/27, its Q2 budget monitoring report showed. The forecast overspend rose by £2.144m

Northern LGPS has expanded its technology team by appointing Guy Hornsby as investment application lead.  He will be responsible for enhancing, onboarding and managing

London Collective Investment Vehicle (LCIV) has appointed a former chief executive of UK investment manager Ruffer, as an independent non-executive director. The pool has

Welsh ministers have been urged to reach a local government funding deal that fully addresses the financial pressures facing authorities and protects vitally important

Rotherham Metropolitan Borough Council is forecasting an overspend of £2.9m this financial year ahead of a looming gap of over £6m by 2029/30. The

Dartford Borough Council has raised its projected investment income for 2026/27 to £9.09m, a treasury management report showed.  This was after a £5m divestment

Redbridge Council’s capital expenditure financed by borrowing is forecast to rise to £145.2m in 2026/27, a treasury management mid-year review showed. The original budget,

Bradford Council has proposed £50m of savings for 2027/28, a revenue budget savings proposals report showed. Delivering £50m of savings in 2027/28 was a

South Holland District Council has forecast a £2.2m favourable variance on its net treasury position for 2026/27, a mid-term treasury report showed. As at

Reductions in capacity of Integrated Care Boards (ICBs) as a result of the need to restructure “risk weakening the partnership working between health and

The Leeds-based pool has expanded its private credit team, amid a wider push to build its in-house investment capabilities. Border to Coast has appointed

Council tax increases in the range of 65% to 70% in 2027/28 would “substantially close or eliminate” Kensington and Chelsea Council’s budget gap over

Uncertainty around local government reorganisation (LGR) is putting pressure on Pendle Borough Council’s finances, the authority has said. A revised financial strategy is being

Bournemouth, Christchurch and Poole (BCP) Council has strongly refuted claims that it has failed to press government for support in addressing “unprecedented” financial pressures.

LGPS Central has appointed Bronte Somes and Kavita Patel as non-executive directors.  Bronte Somes joins the pool's board, bringing more than two decades of

The Visitor Levy Bill has today (4 November) been introduced in the House of Commons, giving mayors and leaders the ability to introduce a

Havering Council has proposed new savings requirements for 2027/28 totalling £10.96m, a report showed.  Th council has planned these savings in services such as