Finance

IFS: Fair Funding reforms set to create big ‘winners’ and ‘losers’

07/08/2025
Inner London is set to be the biggest loser ‘by far’ from the Government’s proposed Fair Funding reforms, a the Institute for Fiscal Studies has calculated.

Finance News

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.

McMahon: End to 'shaming' preventing bankruptcies

07/05/2025

An end to ‘public shaming' of councils has helped stem the tide of section 114s, local government minister Jim McMahon has claimed.

US trade deal needed in ‘weeks, not months’, Mayor says

07/05/2025

The Government must secure a trade deal with President Trump in ‘weeks, not months’ to avoid damage to the West Midlands economy, Mayor says.

Councils raise £360m from parking permits

07/05/2025

Local authorities across the UK raised £360m from residential parking permits over the last five years, new research reveals.

Liverpool tourism tax gets the green light

28/04/2025

Hoteliers in Liverpool have backed plans to introduce a £2 overnight visitor charge.

Newcastle chief defends Saudi investment

22/04/2025

Newcastle City Council’s chief executive has reportedly defended the authority seeking investment from Saudi Arabia following criticism of engagement with the controversial regime.

Council rejects Farage bankruptcy claim

14/04/2025

Lancashire County Council has hit back at claims by Nigel Farage that it is on the brink of bankruptcy.

Mayors' integrated settlements published

09/04/2025

Final details of integrated settlements for Greater Manchester and the West Midlands have been confirmed for 2025-26.

Call for action on economic inequalities

07/04/2025

The Government has been urged to back mayors and shift spending priorities to tackle regional inequality by an influential think-tank.

Government to set out SEND deficit plans

04/04/2025

The Government is to set out how it will tackle the £6bn special educational needs and disabilities (SEND) deficit crisis later this year.

Spring Statement: Chancellor banks on house building adding £6.8bn to economy

26/03/2025

The Spring Statement has highlighted the benefit of housebuilding for improving public finances and focused on defence investment for regional growth.

Somerset could be in need of exceptional financial support

25/03/2025

Somerset Council has been found to have 45 ‘key risks' that mean it may need exceptional financial support from the Government.

Government green lights Plymouth financial support

25/03/2025

The Government has green lighted Exceptional Financial Support (EFS) worth £72m for Plymouth City Council following a review of its finances.

Council chiefs warn Chancellor of ‘devastating’ financial pressures

24/03/2025

Nearly three quarters of local authorities in England have warned it will be very or fairly difficult to set a balanced budget this financial year.

SEND deficits ‘ticking’ clock, CCN warns

20/03/2025

Council leaders have warned ‘unmanageable’ special educational needs and disabilities (SEND) deficits risk bankrupting half of England’s largest councils.

Overstretched finances threaten 1.5m housebuilding target

20/03/2025

The pressure on social housing finances at the local level could undermine the Government’s ambition to build 1.5 million houses this parliament, LGA warns.

'Devil in the details' of welfare reform plans, says SIGOMA

19/03/2025

The ‘devil will be in the details' of the Government's proposed reforms to welfare, says SIGOMA leader.

Spring Statement: No more cash for councils

19/03/2025

The Spring Statement will give a flavour of the financial pressures councils will face after the Spending Review, Institute for Fiscal Studies (IFS) says.

Woking recovery hindered by capacity issues

10/03/2025

Capacity issues are hindering the financial recovery of Woking BC, commissioners have warned.

CCN: Splitting up social care could cost £500m a year

07/03/2025

The annual cost of splitting up social care services into multiple smaller councils could exceed half a billion pounds, says County Councils' Network (CCN).

Council chiefs call for £452m for free bus passes

05/03/2025

Local authority leaders have called on the Government to plug the nearly half a billion pound shortfall caused by the funding of free bus passes.

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