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UK local government finance
Hunt pulls £200mn from councils after clawing back house sale funds
...Two-thirds of councils surveyed by the LGA in January 2024 said they expected communities would see cutbacks this year, including waste collection, road repairs, libraries and leisure services....
March 7, 2024
UK local government finance
Council tax bills across England rise by maximum allowed
...According to analysis released this week by the County Councils Network, councils are spending over £200 per person more on children’s services and adult social care compared to a decade ago, with these...
March 21, 2024
FT Live
Financial Adviser Service Awards 2024
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Thursday, 14 NovemberNatural History Museum, Cromwell Road, London, UK
UK local government finance
English councils ‘forced to the pawnshop’ in fire sale of assets
...Meanwhile, Kent county council, which is in deepening financial trouble, put its 200-year-old county hall in Maidstone, Sessions House, up for sale late last year....
February 28, 2024
UK local government finance
Cash-strapped English councils to get extra £600mn
...Welcoming the announcement, Tim Oliver, chair of the County Councils Network representing England’s largest local authorities, said: “Whilst this extra funding will undoubtedly help us protect valued frontline...
January 24, 2024
UK local government finance
Bankrupt Birmingham council takes drastic steps to balance the books
...The County Councils Network, representing the largest local authorities in England, said on Monday that nearly all of its 36 members would have to raise council tax by the maximum allowed of 5 per cent in...
February 19, 2024
UK financial regulation
UK accounting watchdog warns he is ‘sheriff for only half the county’
...“At the moment, I’m sheriff for only half the county . . . and my arsenal is weaker than other regulators....
March 26, 2024
FT Live
Inside Politics: who will win the UK general election?
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Wednesday, 8 MayDigital Conference
News in-depthSocial affairs
‘The costs are rising inexorably’: children’s services hit by council funding crisis
...leader of Derbyshire county council and finance spokesman for the County Councils Network....
December 1, 2023
UK local government finance
UK government refuses public inquiry into bankrupt Essex council
...into insolvency in December 2022, first petitioned for an investigation last year, expressing anger that they would be paying the price for mismanagement at the council in higher taxes and stripped-back services...
April 2, 2024
UK local government finance
English councils warn funding offer will bring tax rises and service cuts
...The County Council Network, representing the largest local authorities in England, described the offer as “bitterly disappointing” in light of soaring costs and rising demand for services....
December 19, 2023
Cryptocurrencies
Hong Kong digital assets exchange warns over viability of city’s new crypto rules
..., which drove up the fees, especially nearer to the deadline of the application,” said Chan at Howse Williams....
April 12, 2024
Conservative Party UK
Senior MP quits Tory parliamentary party amid sexting scandal
...Senior MP William Wragg has quit the Conservative parliamentary party after admitting he provided phone numbers of colleagues to a man he was in contact with on Grindr, the gay dating app....
April 9, 2024
UK local government finance
Starmer urged to commit to additional funding for English councils
...Many local authorities are already cutting essential services to fulfil a legal requirement to balance their budgets....
March 31, 2024
KPMG International
KPMG fined $25mn over exam cheating scandal at firm’s Dutch arm
...The enforcement action against KPMG was the result of a joint investigation by the PCAOB and the Dutch Authority for the Financial Markets (AFM), which will put the firm under enhanced supervision in the...
April 10, 2024
Ben Houchen
Teesside body faces potential £4mn legal bill after losing access case
...Owned by asset manager Brookfield, PDT is the fifth-largest port by tonnage in the UK and the statutory harbour authority for the river Tees....
March 28, 2024
Budget 2024: As it happened
Local governments in a ‘precarious position’ after Budget, says LGA
...The body representing English councils described the absence of further help in the Budget to mitigate the financial squeeze on local authorities as a “frightening prospect”....
March 6, 2024
FT Live
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Thursday, 2 May9 Montague Close, London, UK
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...Authorities said divers would return to the water at 6am in an effort to recover bodies....
March 27, 2024
UK defence
Carrier HMS Prince of Wales makes delayed departure for Nato exercise
...The Royal Navy’s two carriers are relatively new, with HMS Prince of Wales only entering service in late 2019....
February 12, 2024
Tees Valley Combined Authority
Teesworks review criticises project’s governance but finds no corruption
...The review added that the Tees Valley Combined Authority, the body of five local authorities which are partly funding the project, seemed unaware of the extent of the liabilities it faces....
January 29, 2024
UK infrastructure
Teesworks authority loses access rights case against Brookfield-owned port
High Court upholds PDT’s claims across three parts of former steelworks site
February 5, 2024
News in-depthHong Kong
Barriers come down in Hong Kong border town as China plans closer ties
...Hong Kong authorities have been more reticent....
March 17, 2024
Inside Politics
Learning from Teesworks probe is vital for regional growth
...Gladiators is proving a delightful flashback to Saturday nights in the 1990s with my dad, when we were forced to watch whatever the TV gods put in front of us instead of endlessly scrolling through streaming services...
February 5, 2024
ExplainerUK politics
Why has the UK changed its definition of extremism?
...The change in definition was also informed by a 2023 independent review of Prevent by William Shawcross....
March 14, 2024
UK local government finance
Soaring homelessness threatens to tip English councils into insolvency
...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...
January 23, 2024
Transcript
Transcript: Who’s behind the Tory plots?
...The FT’s William Wallis has been writing about the challenges for local authorities and joins us now. Hi, William. William WallisHi, Lucy....
January 26, 2024
The Big Read
The hard Budget choices facing a cash-strapped UK
...Eight local authorities in England in the past six years have had to issue so-called Section 114 notices, in effect declaring themselves insolvent....
February 29, 2024

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