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Capital receipts flexibility extended to 2030

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Local authorities have been granted an extended window to use capital receipts for transformation costs, as the government confirms the flexibility will now run through to 2030.

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In a direction for local authorities in England last week, the government confirmed that councils can continue to use proceeds from asset sales to

Clackmannanshire Council has been warned to urgently address pressures in its finance team which have seen the authority fail to meet its accounts deadline for the last five years, posing a “significant risk” to its financial governance.

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