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UK local government finance
Warrington Council refused to hand over key information to auditor
...In a report of its key findings issued last month, Grant Thornton described the audit as a “major challenge”....
May 10, 2024
UK local government finance
The Monaco hedge fund boss tied up with an indebted English town
...The local authority’s auditor, Grant Thornton, has struggled to audit its books and only this month completed the 2018-19 financial year....
April 24, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
UK housebuilding
Two-thirds of £4.2bn UK housebuilding fund unspent despite homes crisis
...Ministers launched the fund in the summer of 2017, inviting councils to bid to Whitehall for the grants, which are administered by state housing body Homes England....
January 3, 2024
Climate change
US blamed as climate fund dispute threatens to blow up
...Pedroso Cuesta argued that the World Bank, which provides loans and grants to governments of poorer nations, does not have a “climate culture” and often took too long to make decisions, meaning it could...
October 20, 2023
InterviewUK local government finance
Birmingham council leader defends chosen route out of bankruptcy
...The higher figure was then adopted by external auditors Grant Thornton and has been provisioned for in a March budget....
May 12, 2024
UK local government finance
Cost of bankrupt Birmingham’s equal-pay claim likely far lower than £760mn
...The cuts involved, and the sale of assets worth £750mn, depended in part on the size of the pay claim, which is under review by Grant Thornton....
May 3, 2024
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
UK local elections
‘What will change?’: council funding woes loom over UK local elections
...To do so, Dudley council, which has been squeezed by cuts in central government grants, the rising cost of delivering services and a historic commitment to low council tax, needs to trim about £37mn over...
April 30, 2024
FT live news
News updates from January 26: ICJ grants South Africa’s request for emergency measures in Gaza, US core PCE dips below 3%
UK immigration
UK Home Office detains asylum seekers destined for Rwanda
...The party has said it would speed up processing, but has not confirmed whether it would grant those individuals asylum seeker status....
May 1, 2024
UK housebuilding
State housing schemes in England have ‘materially underdelivered’ since 2020
...The FT reported in January that more than two-thirds of a government fund, aimed at unlocking housing developments in England by providing grants for utilities and other enabling works, remained unspent....
April 8, 2024
UK local government finance
Starmer urged to commit to additional funding for English councils
...A combination of rising costs, growing demand for services such as adult and child social care and long-term declines in central government grants have left councils across England struggling to stay afloat...
March 31, 2024
UK politics
Gove names groups that could fall foul of new UK extremism definition
...Those deemed “extremist” will be denied government grants, ministerial meetings, access to the senior civil service and public appointments....
March 14, 2024
Special ReportWatches and Jewellery: May
UK watchmaker offers a piece of the Dunkirk spirit
...A restoration of the boat was completed in 2013 thanks to Heritage Lottery Fund grants totalling £1.2mn....
May 10, 2024
The Big Read
Inside the UK’s failing plans to ‘level up’ left-behind towns
...government side, who did not think there was a degree of political favouritism in the way that decisions were taken by ministers about the allocation of those funds,” said Scottish National party MP Peter Grant...
April 26, 2024
News updates from January 12: China pledges to ‘smash’ Taiwan independence, US wholesale inflation declines
What to watch in Asia today
...Events: Hong Kong’s Legislative Council holds a Finance Committee meeting where they will discuss approving a HK$2.3bn fund for cash grants to families with newborn children....
January 12, 2024
FT Live
Investing in America
Foreign companies as drivers of US growth, resilience and competitiveness
Tuesday, 10 DecemberHybrid Conference
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
ReviewMusic
Chineke! Orchestra premieres Joan Armatrading’s First Symphony in London
...In the recent rediscovery of African-American composers, William Grant Still (1895-1978) has not featured as prominently as he might, at least in the UK....
November 27, 2023
UK regional policy
UK allocates £1bn in ‘levelling up’ funding
...The latest round of funding comprises one-off regeneration grants to communities in England, Wales and Scotland, largely in sums of about £20mn per area, the government announced this week....
November 20, 2023
UK local government finance
Soaring homelessness threatens to tip English councils into insolvency
...The Department of Levelling up, Housing and Communities said it was “committed to reducing the need for temporary accommodation,” and was providing councils with £1bn through the “homelessness prevention grant...
January 23, 2024
UK local government finance
Croydon’s hard-fought battle against bankruptcy
...A cross-party group of MPs sounded the alarm on Thursday saying levels of funding available through council tax, business rates and government grants have not kept pace with rising costs and demand for services...
February 2, 2024
Inside Politics
No speedy solution for UK’s choked-up rail line
...Drink the finest wines known to humanity, bore each other to death with Richard E Grant quotes....
February 14, 2024
News in-depthEnglish devolution
Teesworks inquiry raises questions on governance in England’s devolved regions
...Ministers have earmarked the vast former SSI site for a huge modern industrial cluster, ploughing in £246mn in grants to prepare the land....
February 2, 2024
Transcript
Transcript: Who’s behind the Tory plots?
...Robert Shrimsley Correct me if I’m wrong, William, but one of my other memories of the austerity period was that as well as making cuts to these grants, the government sort of encouraged local councils to...
January 26, 2024
UK local government finance
English councils warn funding offer will bring tax rises and service cuts
...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 additional £1bn in grants...
December 19, 2023
News in-depthTata Steel Ltd
Steel town Port Talbot braces for impact of Tata closure
...Tata will invest £750mn to finance the restructuring, backed by a £500mn grant from the UK government....
January 19, 2024

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