Finance

Commissioners to oversee strategic decisions at Nottingham

23/06/2022
Commissioners are to oversee strategic decisions at Nottingham City Council amid fears of ‘further serious issues’ on the scale that led to a section 114.

Finance News

Local authorities urged to bid for £8m fund to accelerate tree planting

17/06/2022

Up to 50 local authorities will share £7.8m to train and employ new staff to drive forward tree planting and woodland creation.

Council chiefs urge pensioners to apply for cost-of-living benefits

15/06/2022

Local authority leaders today called on pensioners who are eligible for Pension Credit to apply for the top-up welfare payment to help with the cost of living.

Local government pension schemes urged to work in ‘coherent way’

14/06/2022

The regulatory framework around local government pension schemes should work in a more ‘joined-up and coherent way’, new report says.

Counties in inflation funding call

14/06/2022

County councils have called for extra Government funding to cope with huge increases caused by inflation.

Local government pension schemes set to increase private investments

13/06/2022

Local government pension funds are set to invest more in private markets due to increased confidence in the levels of transparency, new research has revealed.

Warning over second s114 at troubled council

08/06/2022

Conservative-run Northumberland Council may be hit by a second section 114, a senior officer has admitted.

Government ‘gambling’ with levelling up funding

08/06/2022

Levelling up should be delivered with ‘measurable targets’, council leaders say as MPs raise questions over the funding of the Government’s flagship agenda.

LGPS funds plan to increase local social investing

07/06/2022

Nearly nine out of ten (89%) Local Government Pension Scheme (LGPS) funds are planning to increase their allocation to local social investing in the next few years, a new survey has revealed.

Four transport schemes receive £160m funding boost

06/06/2022

Ministers have announced or confirmed a total of £160.8m for four major road and bridge schemes on the local road network in England.

Unions demand 'substantial' pay increase

06/06/2022

Councils will be consulted this month after local government trade unions demanded a ‘substantial’ pay increase amid rising costs of food, fuel and household bills.

Scots councils face four years of cuts

01/06/2022

Scottish councils face four years of cuts under Spending Review plans outlined by Scotland’s finance minister Kate Forbes.

New regulator to bring ‘greater transparency’ to council finances announced

31/05/2022

The Government today confirmed plans to establish a new regulator aimed at increasing the level of transparency in local authority finance systems.

Green projects to receive £100,000 to attract investment

31/05/2022

Fifty projects aimed at driving private investment in nature and tackling climate change are to receive £100,000.

New living wage to be announced early due to cost of living crisis

30/05/2022

Campaigners fighting for employers to pay a living wage has announced it will be bringing its new 2022-23 rate announcement forward to September.

MPs call for levelling up funding ‘transparency’

27/05/2022

MPs have called for ‘more information and more transparency’ when it comes to levelling up grants and funding pots.

Council tax loophole costs councils £150m a year

25/05/2022

Local authorities are missing out on millions of pounds worth of council tax income because of a loophole in the business rates system, company warns.

Councils urged to draw on crisis management skills

24/05/2022

Scotland’s councils should draw on their COVID-19 experiences when handling the new challenges posed by service backlogs and rising inflation, watchdog says.

North Yorkshire councils’ spending limited ahead of new unitary authority

24/05/2022

Michael Gove has issued a direction which restricts North Yorkshire councils from taking any big financial decisions before creation of the unitary authority.

Northumberland issues s114 over unlawful finances

23/05/2022

Northumberland CC has issued a section 114 notice for unlawful expenditure – including allowances paid to its chief executive Daljit Lally.  

Government announces £300m fund to tackle youth crime

20/05/2022

Councils across England and Wales will be able to draw on a £300m fund aimed at cutting youth crime.

Children’s care services ‘stuck in crisis mode’

20/05/2022

Council chiefs call for reform of the children’s social care system as spending to provide support to vulnerable children increases by a quarter in five years.

Eight more projects benefit from Community Ownership Fund

19/05/2022

Community groups have been given more than £2.2m of government funding to take control of eight venues at risk of being lost forever.

Combined authority signs £4bn agreement with Legal & General

18/05/2022

WMCA and L&G have today signed a partnership agreement with L&G committing to invest £4bn in regeneration, housing and levelling up across the West Midlands.

Trust seeks £150m to acquire more homes to rent to councils

17/05/2022

Real estate investment trust Home REIT is looking to raise £150m to support its plans to acquire more homes to let out to charities and councils.

Poorest households struggle to get £150 energy rebate

17/05/2022

The poorest households are struggling to get the £150 energy rebate that local authorities have been tasked with paying, an energy charity has warned.

Centre has 'poor understanding' of what works on local growth, says NAO expert

16/05/2022

A large proportion of government spending is ‘not robustly evaluated’ and there is poor understanding by the centre about which approaches to local economic growth work best, says an expert from the National Audit Office.

DfT spent 15 times more on private than public EV chargers

12/05/2022

Study reveals public money spent on installing off-street residential electric vehicle chargers is 15 times what has been spent on public on-street chargers.

Chancellor urged to use £20bn windfall to support struggling households

11/05/2022

The Chancellor should use some of the reported £20bn fiscal windfall to provide emergency support to squeezed households, report says.

Councils encouraged to apply for share of £128m culture fund

10/05/2022

Cultural venues including museums, galleries and public libraries are being encouraged to submit expressions of interest to receive a share of £128m.

Queen's Speech: Business rates set for overhaul

10/05/2022

It has been confirmed a ‘Non-Domestic Rating Bill’ will form part of the agenda during the next Parliamentary session.

Council agrees to pay extra costs for bridge restoration project

05/05/2022

Newport City Council has agreed to pay the extra costs for the Transporter Bridge transformation project after the original contractors went into administration.

Councils allocated £28m to cover costs of council tax rebate

05/05/2022

Local authorities have been allocated just over £28m to help cover the costs of administrating the council tax rebate scheme.

£200m falls short of saving Johnson's zero emission target

04/05/2022

Prime minister Boris Johnson is set to fail in his pledge to deliver 4,000 zero emission buses to England's roads, despite the Department for Transport having another £200m to spend.

Green spaces provide £25.6bn of ‘welfare value’ every year, study finds

04/05/2022

A new study has shown that parks and green spaces in England and Wales provide adults with £25.6bn of ‘welfare value’ each year.

MPs warn of ‘eye-watering’ levels of fraud in COVID scheme

27/04/2022

The Government is ‘complacent’ about preventing ‘eye-watering’ levels of fraud in the COVID Bounceback Loan Scheme (CBLS), new report by the PAC concludes.

Council chiefs warn of energy rebate scam

19/04/2022

Local authority leaders are warning residents about a new scam where cold callers pretend to be helping people claim the Government’s £150 energy rebate.

Councils pay out £12m in pothole compensation

13/04/2022

Councils and road authorities paid out more than £12m in compensation to motorists whose cars were damaged by potholes between 2018 and 2021, research reveals.

Government unveils £2.6bn UK Shared Prosperity Fund

13/04/2022

The Scottish Government has said it has been short-changed by its allocation of the UK Shared Prosperity Fund.

Value of benefit payments at 50-year low

11/04/2022

Today’s increase in benefit payments marks the greatest fall in the value of the basic rate of unemployment benefit since 1972, think tank says.

Councils urged to apply for grants to tackle gum pollution

08/04/2022

Councils are being urged to apply for funding to clean chewing gum off of pavements and help prevent people from dropping gum in the first place.

Cost of living crisis risks leaving levelling up ‘dead on arrival’

07/04/2022

The Government’s levelling up agenda could be undermined by a deepening North-South divide exacerbated by the cost of living crisis, a think tank has warned.

Council staff on £100,000 increased during pandemic

06/04/2022

Senior pay is decided in a ‘transparent way’, council chiefs say in response to report that the number of council staff receiving over £100,000 increased.

Councils ‘shafted’ over £1bn bus funding allocations

05/04/2022

The Government has announced a raft of local transport cash allocations but the news was overshadowed by angry local reactions.

New restrictions on use of capital receipts

05/04/2022

Councils have been able to use funds from asset sales to cover revenue costs of projects that reduce costs, increase income, or improve efficiency since 2016.

Cost of nursery up £1,500

04/04/2022

The average family now spends nearly £1,500 more on a nursery place than five years ago, an analysis by Labour has revealed.

Over £1bn of support for vulnerable families

04/04/2022

Vulnerable families across the UK are set to receive around £1bn of support to help them access advice and services, the Government has announced.

Councils to fund housing for homeless refugees

01/04/2022

Local authorities will have to pick up the bill for accommodating homeless Ukrainian refugees from their own budgets, a minister has said.

Landlords call for ‘absurd’ housing benefit freeze to be lifted

01/04/2022

Landlords have called on the Government to unfreeze the Local Housing Allowance to cover the average rent.

Households in ‘fuel stress’ set to double

01/04/2022

The number of English households in ‘fuel stress’ will double from 2.5 to 5 million as a result of the price cap rising from today, think tank warns.

Welsh government announces £25m to roll out free school meals

31/03/2022

The Welsh government is investing £25m in school kitchen and dining infrastructure to roll out free school meals to all primary school children in Wales.

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Partner Content

Circular highways is a necessity not an aspiration – and it’s within our grasp

Shell is helping power the journey towards a circular paving industry with Shell Bitumen LT R, a new product for roads that uses plastics destined for landfill as part of the additives to make the bitumen.

Support from Effective Energy Group for Local Authorities to Deliver £430m Sustainable Warmth Funded Energy Efficiency Projects

Effective Energy Group is now offering its support to the 40 Local Authorities who have received a share of the £430m to deliver their projects on the ground by surveying properties and installing measures.

Pay.UK – the next step in Bacs’ evolution

Dougie Belmore explains how one of the main interfaces between you and Bacs is about to change.