Finance

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.

Finance News

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.

Shortfall worsens after allocation changes

04/03/2025

Councils are facing an additional £76m shortfall in their temporary accommodation budgets following changes to the allocation of £440m homelessness grant.

Woking approves ‘business as usual’ budget

04/03/2025

Cash-strapped Woking Borough Council has signed off on a budget aimed at ensuring the council ‘operates within its financial means.’

Councils welcome ‘gamechanger’ regeneration funding

03/03/2025

Oldham Council and Rochdale Borough Council have been granted £20m each to support a range of regeneration schemes.

Council bailouts could ‘create longer-term risk’, warns NAO

27/02/2025

The spending watchdog has called for a ‘whole-system’ approach to fixing local government finance and warned that bailouts could ‘create longer-term risk.’

Call to scrap ringfence in homelessness funding

27/02/2025

The Local Government Association (LGA) has urged the Government to scrap a new ringfence within the homelessness prevention grant.

Parking charges driving people away from high street

25/02/2025

Almost two thirds of drivers are put off visiting their local high street due to parking charges, a new survey has revealed.

Funding floor for Welsh councils

24/02/2025

Councils in Wales are to see an average funding increase of 4.3%, following the announcement of the Welsh Government's Budget.

IT woes to cost Birmingham City Council more than £90m

21/02/2025

The failed implementation of Birmingham City Council’s new IT system could cost the taxpayer £90m more than was originally budgeted, auditors have revealed.

Councils granted £1.5bn in Exceptional Financial Support

20/02/2025

Thirty cash-strapped local authorities have been granted more than £1.5bn in Exceptional Financial Support (EFS).

Councillor barred from budget vote over unpaid tax

20/02/2025

A borough councillor in Lancashire owes almost £4,000 in council tax, making him unable to vote on the authority’s budget.

Sector calls for data and evidence to drive fair funding

19/02/2025

The Government should use the best available evidence and most up-to-date data to calculate local authority funding allocations, sector groups have said.

Hollinrake: Leaders to blame for s114 notices

19/02/2025

Conservative local government spokesperson Kevin Hollinrake has said council leaders are primarily responsible for their authorities having to issue section 114 notices.

End of statutory override could leave half of councils insolvent

19/02/2025

More than half of unitary and upper tier councils could be unable to balance their books when the statutory override for special needs spending expires, a survey has found.

Rules change proposed to boost social housing supply

18/02/2025

Changes to financial rules that could unlock funds for council investment in social housing are to be put before ministers.

'Significant weaknesses' at Cumberland and Dorset

17/02/2025

Cumberland and Dorset councils have both being found to have ‘significant weaknesses' by auditors Grant Thornton.

Labour awards half of Tories’ ‘unfunded’ culture cash

17/02/2025

Ministers have announced today that £50m will be awarded to a string of culture projects – about half the level of funding promised by the Tories.

‘Regressive’ council tax is a growing burden on poorest, report says

17/02/2025

The average council tax bill rose by 77% in real terms between 1994 and 2020, analysis has found.

£300m active travel funding allocated

14/02/2025

The Government has confirmed £291m for active travel over the next two years as well as reforms to Active Travel England's (ATE) local funding model.

Croydon in fresh call for debt write off

12/02/2025

Croydon LBC is lobbying the Government to write off its debt despite suggestions a decision will not be made until the summer.

Scottish Government to consult on council tax reform

11/02/2025

The Scottish Government has announced plans to review the devolved nation’s council tax system to make it ‘fairer’.

Minister told districts funding level 'just not acceptable'

07/02/2025

Local government minister Jim McMahon has responded to claims district authorities will see little increase in their funding this year.

Port Talbot receives £8m of regeneration funding

06/02/2025

Port Talbot is set to receive £8.2m of regeneration funding in a move expected to deliver 100 jobs.

National Insurance compensation allocations 'sensible'

05/02/2025

The Government's approach to distributing compensation to councils for higher National Insurance Contribution bills has been described as ‘sensible' by a think-tank.

LGA: Council tax increases no substitute for fixing funding

04/02/2025

Council leaders have warned council tax increases place ‘more financial burden on households’ without fixing the long-term pressures facing local government.

Peer warning over councillor financial understanding

04/02/2025

Not all 39 councillors at a Nottinghamshire council are fully getting to grips with the financial challenges for the local authority, peer review has warned.

Council set to make £8.6m in savings

30/01/2025

Blackpool City Council is set to make £8.6m in savings but emphasises there will be no job losses at the current time.

Bournemouth could borrow £57.5m to cover SEND deficit

30/01/2025

Bournemouth, Christchurch and Poole Council has proposed borrowing £57.5m to tackle a funding gap for special educational needs and disabilities (SEND) provision.

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