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UK local government finance

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  • Wednesday, 13 January, 2021
    Croydon bankruptcy offers cautionary tale for cash-strapped councils

    London borough’s £1.5bn debt plight points to wider crisis in UK local government

  • Wednesday, 9 December, 2020
    News in-depth
    England’s councils face austerity by stealth

    Sunak is giving local authorities extra flexibility to fund social care but council tax is struggling to replace central grants

  • Wednesday, 25 November, 2020
    UK local councils banned from making risky property bets

    Covid hit to asset values leaves authorities struggling after £7bn borrowing spree

  • Sunday, 22 November, 2020
    Inside BusinessJonathan Ford
    Local authorities need to be weaned off their debt addiction

    UK government has fuelled councils’ bad incentives to gamble on commercial assets

  • Tuesday, 10 November, 2020
    The FT ViewThe editorial board
    Green gilts can help to build a low-carbon future

    Move can boost environmentally-friendly finance market but UK government must do more

  • Sunday, 18 October, 2020
    Coronavirus economic impact
    ‘Unprecedented’ number of UK businesses seek rate cut

    Appeals against local levy climb as impact of pandemic on high street looks set to continue

  • Thursday, 8 October, 2020
    Derivatives
    Plymouth council makes first dive into swaps market 30 years after scandal

    UK local authorities were banned from such deals following 1990s case involving Hammersmith and Fulham

  • Wednesday, 30 September, 2020
    English devolution
    Plans for further English devolution shelved until next year

    ‘Levelling-up’ agenda in question as shake-up of local government also scaled back

  • Wednesday, 26 August, 2020
    Croydon seeks government help amid crisis for councils

    Cash-strapped London borough expected to be first of many local authorities requesting bailouts

  • Promoted Content
  • Tuesday, 18 August, 2020
    English councils hit by £2bn coronavirus funding shortfall

    Services will need to be slashed unless central government provides extra money, think-tank warns

  • Tuesday, 11 August, 2020
    Coronavirus economic impact
    Companies warn of collapse as English councils resume debt collection

    Move will hit businesses that missed out on government support schemes particularly hard

  • Wednesday, 15 July, 2020
    English devolution
    Council mergers will be price for elected mayors, minister says

    Proposals would be biggest reorganisation of English local authorities for 35 years

  • Thursday, 2 July, 2020
    English councils warn latest Covid funding still falls short

    Authorities say estimated £2.5bn package not enough to prevent service cuts and financial failures

  • Tuesday, 23 June, 2020
    InterviewFTfm
    Rachel Elwell on protecting the pensions of front line workers

    Chief of Border to Coast pension pool says public sector employees deserve proper retirement benefits

  • Monday, 22 June, 2020
    The Art of Fashion
    Art of Fashion: jewellery

    Lucia Silvestri reflects on four decades at Bulgari, fashion designers photograph their jewellery and George Easton dreams up jewels for ‘The Crown’

  • Thursday, 11 June, 2020
    UK schools
    Schools to close over summer for frontline UK workers’ children

    Calls for government funding for holiday schemes as pressure maintained to get pupils back in classrooms

  • Monday, 25 May, 2020
    Liverpool’s £241m Covid-19 deficit poses threat to local services

    Council leaders urge government to release further emergency funding to ease pressures

  • Friday, 22 May, 2020
    News in-depthUK business & economy
    Revealed: an Essex council’s £1bn borrowing spree to fund investment in solar power

    Thurrock has used loans from 150 other UK local authorities and pension schemes to fund its renewable energy assets

  • Wednesday, 20 May, 2020
    Treasury set to curb property investments by councils

    Local authorities looking to offset funding cuts have been exposed to sector hit by lockdown

  • Friday, 1 May, 2020
    News in-depthUK politics & policy
    Slow testing response shows UK central government needs to let go

    Germany’s federal system has underlined the importance of local decision-making in crisis

  • Thursday, 30 April, 2020
    Barnsley and Westminster combine to rev up UK muni debt market

    Group of 30 councils plans to issue bonds this year through Municipal Bonds Agency

  • Wednesday, 29 April, 2020
    Westminster loses battle over pension fund investments

    Court rules government guidance that bans boycotts against foreign countries is unlawful

  • Tuesday, 28 April, 2020
    English councils plead for £10bn to cope with coronavirus

    ‘Cast-iron guarantee’ sought that impact of rising costs and falling revenues will be met

  • Saturday, 18 April, 2020
    English councils handed £1.6bn to fight coronavirus

    Some local authorities feared they would run out of funds in a matter of weeks

  • Friday, 17 April, 2020
    Coronavirus pandemic
    English councils set for funding boost to manage coronavirus

    Local authorities expected to receive extra £1bn as spending on pandemic drains resources

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