News-in-Brief

Hampshire County Council has said it is “almost an inevitability” that it will need to issue a section 114 notice for 2026/27 without a

Wiltshire Pension Fund has committed £30m to an affordable housing fund managed by Octopus Investments. The £30m investment is one of the £3.5bn Local

Leandros Kalisperas, CIO for the £20bn West Yorkshire LGPS fund is set to take on a new role leading the investment team of the

Haringey council is set to acquire 78 council homes as part of the redevelopment of a Mecca Bingo site. A report, due to be presented

Haringey London Borough Council’s budget gap for 2025/26 has increased from £14m in March to £32m, a recent council report has revealed. The reason for the

Some 81% of councils are on course to overspend adult social care budgets this financial year, according to the Association of Directors of Adult

Hillingdon Council has reported a £30.5m overspend halfway through 2024/25 in a budget monitoring report. That figure allows for the delivery of strategic management

Brent Council has stated that its financial position “continues to worsen”, with a “staggering” £16m of savings needing to be identified. The publication of Brent’s

The Greater Manchester Pension Fund (GMPF) faces pressure to divest from fossil fuels and the arms industry amid a £1.3bn allocation to the non-renewables

Southampton City Council has approved an expenditure of up to £5m of the Right to Buy receipts collected in 2019/20 on a pilot programme

West Berkshire Council will be forced to seek Exceptional Financial Support (EFS) from the government if its currently forecast overspend of £2m for 2024/25

Blackpool Council will continue to utilise short-term borrowing in the expectation that the Bank of England base rate continues to fall, according to a

Havering London Borough Council has said it will not be able to balance its 2025/26 budget without further government support or direction. The authority

Mid Sussex District Council has reported a net interest return on its treasury investments of £2.1m to Q2 2024/25. The council cited improved available

A total of 54 councils will benefit from a £68m government fund intended to unlock brownfield sites. Councils that receive funding under the Brownfield

Bury Council will not have enough reserves left to set a balanced budget in 2027/28 unless significant savings are made. The authority is expecting

City of Bradford Metropolitan District Council has identified revenue savings for 2025/26 totalling £33.840m across 47 proposals. The council received Exceptional Financial Support (EFS)

Chief finance officers at Scottish local authorities are not in favour of introducing an equivalent to England’s section 114 notice legislation, according to a

Wirral Council needs “immediate action” to address a deteriorating financial situation. A Q2 budget monitoring report stated that “without substantial action being taken” the

David Vickers, chief investment officer at Brunel Pension Partnership, will step down in Spring 2025 after four years with the Local Government Pension Scheme

The aggregate funding levels of the Local Government Pension Scheme have reached 112%, new research by Isio has revealed. Isio’s Low-Risk Funding Index indicated

The pension fund for the London Borough of Barnet has committed £75m to London CIV’s natural capital strategy, following a decision made at its

Robin Tuddenham and Kath O’Dwyer have been announced as the next president and chair of Solace, the representative body for more than 1,800 chief

A separate survey conducted by the County Councils Network (CCN) has suggested that 26 of its member councils in England may have to declare

One in four councils in England are likely to apply for emergency government bailout agreements in financial years 2025/26 and 2026/27 without additional funding,