Finance

More councils will be forced to issue Section 114 notices, MPs warn

22/01/2021
More councils will ‘soon be unable to balance their books and be forced to issue Section 114 notices,’ the influential Public Accounts Committee (PAC) has warned.

Finance News

Starmer demands halt to ‘absurd’ council tax rises

11/01/2021

Labour leader Keir Starmer has called for central government to increase funding for local authorities to prevent council tax hikes.

Expansion of Dormant Assets Scheme to potentially raise £800m

11/01/2021

The Government has announced that dormant assets are set to be unlocked, with the potential for more than £800m to be made available to support the recovery from the coronavirus pandemic.

Councils asked to 'redouble efforts' on rough sleeping

08/01/2021

English councils have been asked to ‘redouble their efforts’ to help accommodate people sleeping rough, with the Government finding an additional £10m funding.

Sadiq Khan proposes 9.5% council tax increase

08/01/2021

The mayor of London has announced council tax will increase by 9.5% to help fund free travel for young people and the over 60s.

Council chiefs welcome £4.6bn in lockdown grants to support businesses

05/01/2021

Businesses in the retail, hospitality and leisure sectors in England are to receive a one-off grant worth up to £9,000 to support them during the lockdown, the chancellor has announced.

Councils welcome announcement of third national lockdown

05/01/2021

Councils have urged residents to follow the guidelines for the third national lockdown in a bid to stop the continued spread of coronavirus.

Charity warns of council tax debt ‘explosion’

04/01/2021

Thousands of people in Scotland have racked up £6.8m in council tax arrears, a charity has warned.

Jenrick announces £830m high street investment

04/01/2021

The Government has announced that millions of pounds of funding will be invested in 72 areas across England as part of the effort to help high streets recover from the impact of the pandemic.

Council chiefs call for funds to support businesses in Tier 4 areas

22/12/2020

Local authority leaders have urged the Government to meet all of the extra costs councils incur during the pandemic.

Two-thirds of COVID-19 school costs not met by Government

22/12/2020

Council chiefs have called on the Government to ensure schools are able to pay the costs of the pandemic as report says current funding levels fall short.

Councils’ core funding per resident set to drop below 2015-16 levels

21/12/2020

Local authorities’ core funding per resident will be lower next year than 2015-16 despite real-term council tax increases of 16%, financial experts calculate.

Every local authority gets school funding boost

18/12/2020

The Government has announced a £2.2bn increase in core funding for schools next year in England.

Jenrick confirms £1.55bn boost for local government

17/12/2020

Local government secretary Robert Jenrick today used the provisional finance settlement for 2021/22 to confirm the allocations for £1.55bn funding.

Councils told to prepare for 'breathing space moratorium' on council tax debt

16/12/2020

Councils have been reminded that households struggling to pay their council tax bills will be able to pause payments from next May.

Funding gap has 'devastating' impact on rural and remote bus services

10/12/2020

Rural and remote bus services saw journeys fall by 97 million last year due to a £348m funding gap, a new report has warned.

Nottingham Council hits back at 'bankruptcy' claims

10/12/2020

Nottingham City Council has refuted claims that it is on the verge of bankruptcy.

Minister announces £4.4m boost to support vulnerable families

08/12/2020

The Government has announced that more than £4m will be made available to extend COVID-19 response programmes supporting vulnerable families.

Government announces nearly £4m tree planting pot

07/12/2020

The Government has announced £3.9m of funding to help plant hundreds of thousands of new trees across the country.

Spending on libraries drops by £20m in past year

04/12/2020

The total spend on British libraries has fallen by nearly £20m in the past financial year, new figures have revealed.

Croydon issues second Section 114 notice

02/12/2020

The council still faces a shortfall of £66m, 21 days after its first notice was issued.

Apprenticeship levy is 'flawed' says London Councils

02/12/2020

’Flaws’ in the apprenticeship levy are stopping councils from making use of the funds, London Councils has warned today.

Tier 3 communities in North and Midlands ‘stretched to breaking point’

30/11/2020

Tier 3 communities in the North and Midlands will be ‘stretched to breaking point’ once the grant aimed at supporting local business is cut at the end of the national lockdown, according to Labour.

COVID-19 school workforce fund launched

30/11/2020

The Government has announced a short-term COVID-19 workforce fund to help keep schools and colleges open during the pandemic.

Funding boost for council tax support scheme in Wales

27/11/2020

Councils in Wales will receive an extra £2.6m to meet the increasing demand for Council Tax Reduction Schemes.

Flood funding for councils may not be enough, watchdog finds

27/11/2020

The Government is unable to prove councils have enough funding for flood defences, a spending watchdog has discovered.

Launch of £16.5m youth COVID-19 support fund

26/11/2020

The Government has unveiled a £16.5m youth COVID-19 support fund to help protect the future of grassroots and national organisations.

Spending Review: 'Risk all sits on local government'

26/11/2020

The Spending Review failed to tackle key issues such as reforms to local government funding, sector experts have warned.

Spending Review: Sunak recycles money for green transport

25/11/2020

The chancellor has used the Spending Review to confirm billions of pounds for public transport, low emission vehicles and active travel, including adding more detail to Boris Johnson’s recent ‘Ten Point Plan for a Green Industrial Revolution’.

Sunak unveils a Spending Review for jobs, public services and infrastructure

25/11/2020

Chancellor Rishi Sunak has unveiled a £4bn levelling up fund as part of a Spending Review which he claimed offered ‘huge investment’ in jobs, public services and infrastructure.

Spending Review: UKSPF to reach £1.5bn a year

25/11/2020

The value of the UK Shared Prosperity Fund (UKSPF) will reach around £1.5bn a year on average, chancellor Rishi Sunak has announced.

Spending Review: Infrastructure gets pride of place

25/11/2020

The chancellor Rishi Sunak used to the 2020 Spending Review to launch a new strategy for UK infrastructure, supported by an infrastructure bank and a place-based 'levelling up' fund.

Spending Review: £2.9bn 'restart programme to help unemployed'

25/11/2020

Chancellor Rishi Sunak has announced a three-year £2.9bn ‘restart programme’ to help more than one million people unemployed for more than a year find work.

Councils warn about 'significant' overspends on children’s services

24/11/2020

The number of vulnerable young people referred to councils’ children’s services increased by 15% in the first three months after the first lockdown, figures have shown.

Croydon publishes financial renewal plans

24/11/2020

Croydon LBC has warned that it may have to stop some services and reduce the number of staff it employs in order to live ‘within its means’ over the next three years.

Over half of councils face financial failure without spending review funding increase

23/11/2020

Half of English councils will be at risk of financial failure if the spending review just provides a ‘rollover’ of funding levels from this year for 2021/22, new analysis has warned today.

Leisure centre collapse warning

20/11/2020

Under-pressure leisure centres will go under without further rescue funding on top of the £100m already pledged by the Government, district councils have warned.

Local government 'must have parity' with NHS on pay

20/11/2020

The chairman of the LGA’s Community Wellbeing Board says the hard work of the sector during the pandemic must be recognised as the chancellor moves to put a squeeze on public sector salaries.

Funding boost to support rape and domestic abuse victims

18/11/2020

Nearly £11m in new funding to support domestic abuse and rape victims this winter has been announced.

Government announces ‘additional’ £40m of green funding

16/11/2020

The Government has announced that more areas are to be designated national parks and a second round of funding will be available to support the delivery of green jobs.

DfT warns of conditions on £175m active travel cash

13/11/2020

Transport secretary Grant Shapps has announced councils' allocations for the £175m second tranche of the Active Travel Fund.

Councils invited to bid for £20,000 to tackle pandemic-related housing issues

12/11/2020

Local authorities have been invited to bid for extra support to help them tackle the impact of COVID-19 on the housing crisis.

County councils warn of insolvency risk without frontline cuts

12/11/2020

Only a fifth of England's largest councils are confident they can deliver a balanced budget next year without dramatic reduction to services, a new survey has revealed.

£500m bus partnership fund open to bids

11/11/2020

The Scottish Government's £500m Bus Partnership Fund to deliver bus priority infrastructure has opened for applications.

Council chiefs call for culture funding to support people during lockdown

11/11/2020

Local authority leaders have called on the Government to invest more in culture, sport and leisure activities as a new report reveals councils spend over £2bn a year on these areas.

Allocation of £3.6bn towns fund appears 'politically motivated', watchdog warns

11/11/2020

The Government has been accused of 'political bias' when allocating funding from its £3.6bn Towns Fund by the public spending watchdog.

Croydon issues Section 114 notice

10/11/2020

Crisis-hit Croydon LBC has issued a Section 114 notice after extra spending controls proved not to be enough.

Latest round of funding for heritage sites announced

09/11/2020

The major share of a £1.57bn fund dedicated to supporting the recovery of cultural assets has been awarded outside of London, according to the Government.

Councils welcome £170m COVID winter grant scheme

09/11/2020

A new £170m COVID winter grant scheme will be distributed to councils to stop children going hungry during the second wave of the pandemic.

Councils call for devolution of National Citizen Service funding

06/11/2020

Only one in six eligible young people are taking part in the National Citizen Service (NCS), leading to calls for the Government to devolve its funding to local youth services instead.

MP calls for changes to highways funding formula

05/11/2020

A Conservative MP has called for reforms to the maintenance funding formula for highway authorities in England to take into account road condition, traffic volumes and the council's own contributions.

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