Future Forum: Business rates retention is doomed
Moves to fund local government using the proceeds from business rates are ‘doomed,’ according to a financial expert.
Croydon would have issued s114 'in normal circumstances'
Croydon LBC’s £49m total net forecast general fund overspend means it would have had to have issued a Section 114 notice in ‘normal circumstances,’ senior councillors have heard.
Section 114 warning for troubled Thanet
The Section 151 officer of troubled Thanet DC has warned he may be forced to issue a Section 114 notice.
Income guarantee scheme details awaited
Councils are still waiting for details of the Government’s much-heralded income guarantee scheme almost six weeks after it was announced.
Ministers: Don't rely on more funding
Ministers have warned councils not to rely on more funding on top of the announcements made so far.
MPs slate ministers over sector funding
MPs have slated ministers for failing to give local government sufficient funding and urged them to ensure a 'clear and timely financial settlement’ in readiness for the next phase of the pandemic.
EXCLUSIVE: Croydon reaches out for MHCLG lifeline
Croydon LBC is understood to have made initial contact with the Ministry of Housing, Communities and Local Government (MHCLG) as it approaches Section 114 territory, The MJ understands.
Most councils will find a way to balance their books
What the sector will be announcing in the coming months are cuts to spending plans, says Tony Kirkham - meaning reduced services and jobs at the time when they should be supporting people and businesses.
Watchdog head in 'bankruptcy' warning
The head of Parliament’s financial watchdog has warned that ‘a lot’ of councils remained at risk of ‘effectively going bankrupt’ despite another £500m cash injection.
Starmer to replace House of Lords with elected body
A Labour government will replace the House of Lords with an elected body of representatives from local and regional government, Labour leader Sir Keir Starmer told a virtual Local Government Association conference session.
Council may have to issue s114, warns CIPFA
Windsor & Maidenhead RBC may not be able to set a legal budget in future years and may have to issue a Section 114 notice, finance experts have warned.
CIPFA issues temporary s114 guidance
Council finance chiefs have been given new guidelines for dealing with financial collapse during the coronavirus crisis.
EXCLUSIVE: No bail outs for commercial investments
Plans to bail out councils struggling with their finances could vary between authorities - but they will not cover commercial investments, The MJ understands.
EXCLUSIVE: New rules would see councils warn ministers before a s114
Finance directors would need to warn the government before they issued a Section 114 notice during the coronavirus pandemic, if new rules get the go-ahead.
EXCLUSIVE: Lincoln and Stevenage latest to make Section 114 warning
Lincoln City Council and Stevenage BC have become the latest local authorities to warn ministers they may soon have to consider issuing a Section 114 notice.
LGA warns councils could face Section 114s 'within weeks'
Coronavirus-led demand pressures and a loss of income risk combining to push councils towards financial failure, the Local Government Association (LGA) has warned today.
Counties urge s114 change as coronavirus costs soar
County councils have called for a suspension of Section 114 and a relaxation of the rules so authorities can borrow to fund revenue spending.
COVID-19: Councils need more money to survive in the longer term
Andrew Burns says the Government must offer councils ‘significant additional, direct and speedy’ financial support to ensure their resilience and survival in the longer term.
EXCLUSIVE: Whitehall mulls s114 suspension or another cash bailout
Whitehall is weighing up another cash bailout or suspending Section 114 rules with at least 10% of councils at risk of financial meltdown, The MJ understands.
Northants misspent millions of ring-fenced cash - auditor
Millions of pounds have been misspent by Northamptonshire CC, according to auditors.