News-in-Brief

Devon County Council has said the government should meet the almost £4m financial impact of local government reorganisation (LGR) on its budget. The authority’s

Kent County Council has forecast a £15.8m overspend for 2026/27, with children’s services recording the largest overspend, a Q2 budget monitoring report showed. The

Halton Borough Council’s £5.186m general reserve is at “the minimum level” despite an improved spending forecast, a budget monitoring report showed. The reserve represented

Local government secretary Angela Rayner has said she put local government reorganisation (LGR) on hold to avoid rubberstamping decisions made by her predecessor that

The new Border to Coast partner fund is considering opportunities in SME lending and climate innovation as part of its place-based investment strategy. West

Isle of Wight Council has appointed Jo Knight as strategic director of finance and deputy chief executive. She will leave her current role as

Leeds City Council has forecast its net external debt at £2,716m on 31 March 2027, a treasury management strategy update showed. This is £22m

St Helens Borough Council has forecast a £12.269m overspend in children and young people’s services for 2026/27, a period two financial monitoring report showed.

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