Finance

English councils report record £1.2bn parking surplus

18/09/2025
New figures from the MHCLG reveal that English councils made a record £1.189bn in profit from on-street and off-street parking in 2024/25.

Finance News

Section 114 notice warning for Halton

12/09/2025

Halton BC may be forced to issue a section 114 notice if the council fails to bring its spending under control, senior councillors have been warned.

Shropshire Council acts to avoid Section 114

05/09/2025

Shropshire Council is expected to declare a ‘financial emergency’ next week as it seeks to avoid effective bankruptcy.

Millions at risk of council tax debt, report warns

02/09/2025

One in four UK adults fear they will be unable to pay their council tax over the next six months, new research from StepChange Debt Charity reveals.

SEND transport costs reach record £2.26bn

01/09/2025

SEND transport costs hit a record high of £2.26bn in 2023-24, according to a new analysis of official data for England.

Councils forgo over £50m second homes revenue

01/09/2025

The sale of second homes has seen up to £55m less council tax revenue generated for local authorities.

Government skipped own cost review of council mergers

29/08/2025

The Government did not conduct its own assessment of the costs of local government reorganisation, the BBC has revealed.

Report reveals ‘frustration’ over regeneration scheme faults

27/08/2025

A regeneration project in Birkenhead is due to exceed its budget by £12m, with a report outlining its ‘risks and implications’.

Town halls forced to sell community assets as debts mount

26/08/2025

Local authorities across the UK are selling off public assets – such as schools and care homes – to try and reduce a collective debt of £122bn.

Cuts have hit council financial information, report finds

22/08/2025

Councillors and members of the public are not being presented with accurate or easy to understand information about local authority budgets, report has found.

London Councils: Funding reforms could be ‘devastating’ for capital

22/08/2025

The Government must consider London’s ‘high levels of deprivation’ in the Fair Funding Review 2.0, says the cross-party group representing the capital’s councils.

Council warns of ‘most severe’ budget to date

21/08/2025

North Yorkshire Council has revealed it could be encountering its ‘most severe’ budget round yet.

Audit costs have ‘risen dramatically’ among councils, research reveals

19/08/2025

The eradication of the Audit Commission has led to the worsening of council audit performance, academics have argued.

Council debt costs over £4bn annually

19/08/2025

There has been a 60% increase in council debt over the last 10 years, figures have revealed.

Over £300m Ukrainian refugee funding unspent

19/08/2025

More than £300m given to English councils to help house Ukrainian refugees still sits in council bank accounts, freedom of information (FOI) request reveals.

LGA warning over fair funding transition

18/08/2025

The Local Government Association (LGA) has warned proposed fair funding transition arrangements will not protect councils from cuts.

Councils bite back at food waste recycling rollout plan

14/08/2025

Councils will not be told how much money they will receive to roll out food waste recycling until months before the implementation date, Government admits.

Woking’s ‘historic debt’ to be reduced by Government

07/08/2025

Financial support will be delivered to help Woking BC repay its debt, the Government has said.

Reform-led council calls for over £100m in savings

06/08/2025

Lancashire County Council needs to save over £100m to ensure financial stability, officers have cautioned.

Council tax reforms could help meet fiscal targets

06/08/2025

Researchers have called for the whole council tax system to be replaced as one measure that could help the Chancellor meet her fiscal rules.

Councils are ‘cautious’ about Procurement Act, survey reveals

29/07/2025

Almost 30% of council staff believe there is insufficient training to back the launch of the new Procurement Act, research reveals.

Councils facing ‘skyrocketing’ service costs, says report

23/07/2025

Councils are expected to spend an estimated £139bn on the delivery of public services this year, says a report.

Council audit backlog prevents national accounts sign off

18/07/2025

The National Audit Office has refused to approve the Government's accounts for the second year running due to the ‘severe backlogs’ in local authority audits.

EXCLUSIVE: £8m Oflog 'waste'

17/07/2025

Ministers have been warned against imposing more top-down performance indicators after it emerged millions was spent before the watchdog was scrapped.

Councils push back against Reform’s Doge unit

15/07/2025

Several local authorities have reportedly pushed back against efforts by Reform UK’s Elon Musk-style ‘Doge’ unit to access sensitive data.

Reform's Kent finds 'millions of pounds' of savings

11/07/2025

Kent CC's Department for Local Government Efficiency (DOLGE) has identified ‘millions of pounds worth of potential savings', leader Linden Kemkaran claims.

Notting Hill Carnival receives vital funding boost

10/07/2025

Councils have delivered almost £1m of extra funding to enable Notting Hill Carnival to take place as planned this year.

Ministerial envoys sent in to support indebted council

10/07/2025

Concerns about the levels of debt at Warrington Council have prompted the Government to send in four ministerial envoys.

Affordable housing projects to receive £100m uplift

09/07/2025

Housebuilders are set to deliver a boost of £100m to affordable housing projects across the UK.

Social care and public health leads council third-party spend

08/07/2025

Social care and public health led local government third-party spend in 2024, new figures have revealed.

LGA: SEND transport costs likely to hit £2bn

02/07/2025

Council spending on home to school transport for children with special educational needs and disabilities (SEND) is predicted to hit nearly £2bn this year.

Council apologises for £1m ‘processing error’

01/07/2025

Southampton City Council has apologised after a ‘processing error’ led to nearly £1m in Direct Debit payments being taken early.

Reform-led council plans to ‘scrutinise every penny’

30/06/2025

Reform UK council leader announces Lincolnshire County Council needs to rethink its service delivery to ensure sufficient savings.

Council’s net debt rises by £233m

23/06/2025

Wirral Council’s net debt has risen by £233m in six months due in part to spending on Public Finance Initiatives (PFI).

Government announces ‘fairer funding’ reforms

20/06/2025

Local government funding will be overhauled to support left behind places, while competitive bidding for funding will be scrapped, Government announced.

Reform UK-led council to undertake ‘efficiency review’

16/06/2025

Nottinghamshire County Council, which is led by Reform UK, is set to carry out an ‘efficiency review’ in an attempt to find savings.

Reform councils try to get ahead of DOGE reviews

12/06/2025

Two Reform-led councils have started DOGE-style efficiency reviews ahead of a visit from the party's national team tasked with scrutinising finances.

Spending Review: Reeves pledges to put sector on 'sustainable footing'

11/06/2025

Health, defence and schools were the winners in the spending review, but the government claimed it would put local government back on ‘a sustainable footing'.

Council’s pension scheme could provide over 200 homes

10/06/2025

The Royal Borough of Kensington and Chelsea intends to invest millions from its £2bn pension fund to support vulnerable residents.

London Councils: SEND funding ‘sums don’t add up’

05/06/2025

Sixteen of London’s 33 local authorities are at risk of bankruptcy due to SEND funding pressures, London Councils warns.

Fears for council funding as ‘unprotected’ departments face cuts

02/06/2025

Council leaders have told the Chancellor they ‘desperately need’ more funding in the Spending Review as financial experts warn ‘unprotected’ government departments could face cuts.

Investment targets to be set for LGPS megafunds

30/05/2025

The Government is to press ahead with proposals to consolidate Local Government Pension Scheme (LGPS) funds.

Scottish councils face £647m budget shortfall

23/05/2025

Local authorities in Scotland must transform the way they deliver services to close a budget shortfall of £647m, spending watchdog says.

Union launches Fair Funding campaign to save council jobs

19/05/2025

Unite has launched a campaign calling for an overhaul of how local authorities are funded to prevent further bankruptcies and job and public service cuts.

Council plans further Exceptional Financial Support bid

15/05/2025

Windsor & Maidenhead BC will need to agree a package of Exceptional Financial Support (EFS) with the Government for next year, it has announced.

West Midlands councils benefit from £12m pothole boost

13/05/2025

Six local authorities in the West Midlands are due to receive £12m of funding to help resurface roads and repair up to 132,000 potholes.

Local government leads way on SME procurement spend

13/05/2025

Councils are bucking the trend with spending on small and medium-sized enterprises (SMEs), figures from the British Chambers of Commerce have revealed.

Burnham calls for Northern spending boost

13/05/2025

Mayor of Greater Manchester Andy Burnham has called on the Chancellor to increase spending outside of London to counter support for Reform UK.

Nottingham still 'dependent upon EFS'

12/05/2025

Nottingham City Council remains dependent on exceptional financial support (EFS) but has laid the groundwork for becoming sustainable, commissioners say.

Snail breeding racket leaves holes in council’s finances

12/05/2025

Westminster City Council has unearthed a snail breeding racket which has been operating secret snail farms in empty office spaces.

Ministerial envoys to be sent to Warrington

09/05/2025

A team of ministerial envoys are to be sent to Warrington BC amid doubts over the council's ‘willingness and capacity' to tackle financial challenges.

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