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...Jeremy Hunt has wound down a scheme that delivered an extra £200mn a year for social housing in England, in a controversial move that will further squeeze the finances of cash-strapped local councils....
...Warrington’s precarious finances drove the Department of Levelling Up, Housing and Communities to commission an external review in 2023, which it has not released to the public....
...The non-profit compiled the data from freedom of information responses from 200 of the 300 local authorities that are allowed to own or manage social housing....
...of private finance initiative deals involving hospitals, schools, military bases and housing projects....
...George Lemos Capital Finance Strategies London EC1, UK...
...The Competition and Markets Authority said that historically the 300,000 target had only been met when councils were providing a “significant supply” of new housing....
...Keith Adey, Bellway’s chief finance director, said there has been positive early interest from clients in the scheme, which in effect allows buyers to “borrow at the interest rates of a few years ago”....
...“We are sleepwalking into a disaster as far as local authority finances are concerned,” said Zoe Billingham, director of the Institute of Public Policy Research North....
...A string of other towns and cities face parallel pressures amid a broader national squeeze on local government finances....
...Council leaders from across England have urged ministers to urgently uprate funding subsidies for temporary accommodation, warning that soaring levels of homelessness threaten to tip many authorities into...
...The danger for any incoming government, particularly in an era of constrained public finances, is that they “hit the ground reviewing”....
...Clive Betts, Labour MP for Sheffield South East, who chairs the levelling-up, housing and communities committee, said local government finances were in a “complete mess” after years of underfunding....
...“The Prudential Regulation Authority could have concerns about banks’ exposure to 99 per cent loan-to-value mortgages, even if partially underwritten by government, and could look for additional capital...
...UK ministers are set to force hundreds of local councils and public authorities in England to publish overdue accounts by the end of September as part of efforts to clear an “unacceptable” backlog of outstanding...
...Planning law has also become a way for local authorities to curtail the rising housing prices associated with holiday homes....
...But its demise has focused attention on the wider squeeze on local government finances and associated deterioration in public services across England. “This is a very big authority....
...homelessness and relieve pressure on local authority finances....
...The Department for Levelling Up, Housing and Communities could not provide “any compelling examples of what had been delivered so far”, according to a report published by the House of Commons public accounts...
...The LGA has warned of a £2.4bn funding gap in local authority finances this year and £1.6bn in 2024-25....
...Michael Gove, secretary of state for levelling up, housing and communities, on Monday announced a £64bn settlement for local authorities in 2024-25, representing an annual increase of 6.5 per cent with an...
...our public transport network with fares kept low; investing hundreds of millions in new bus lanes, rail stations, metro routes and cycleways; on bucking the national trend on housebuilding and affordable housing...
...More broadly, it stands as a test of Hong Kong’s authority with mainland China....
...The PSTN switch-off, an industry-led initiative, comes as local government budgets contend with straitened finances....
...Local authorities, which are contending with straitened finances across England, have some power to block permitted development conversion in certain areas....
...The Chinese authorities have been tentative in easing monetary policy due to the rise in US rates and depreciation pressures on the renminbi....
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