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Related Special Reports
...of private finance initiative deals involving hospitals, schools, military bases and housing projects....
...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....
...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....
...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”....
...By last week, council offices in the northwestern city were experiencing queues of 70 to 80 refugees every day in search of housing, according to Bev Craig, leader of the Labour-controlled authority....
...housing....
...The estate already houses a number of organisations in the sector, including Genomics England, Barts Health NHS Trust and the General Pharmaceutical Council....
...“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....
...Some of the fiscal and economic challenges will look the same across European finance ministries. But some will look radically different....
...And many appreciate, in any case, how unwise it would have been for him to go further, given the state of the public finances....
...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...
...Trade body UK Finance said decisions to freeze or close accounts were often linked to risk management and regulatory obligations....
...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 danger for any incoming government, particularly in an era of constrained public finances, is that they “hit the ground reviewing”....
...“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....
...Real income: UK inflation climbs to 30-year high of 5.5% Economic growth: UK price rises outpace wage growth despite labour shortages Merit goods: NHS waiting lists will grow for 2 more years, health service...
...homelessness and relieve pressure on local authority finances....
...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....
...The LGA has warned of a £2.4bn funding gap in local authority finances this year and £1.6bn in 2024-25....
...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...
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