S114
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.
Commissioners could 'take control' of Northamptonshire
Northamptonshire CC's deficit could continue to rise and commissioners may be forced to take control of the council, councillors will be warned next week.
Northants cash shortfall set to hit £60-70m
Northamptonshire CC is facing a potential budget shortfall of £60m-70m in the current financial year – with no plan as yet as to how to balance the books.
Northants to have improvement board
Northamptonshire CC will establish an improvement board that will work closely with government commissioners to improve the county’s finances and governance ahead of reorganisation.
Javid plans intervention into crisis-hit Northants
Local government secretary Sajid Javid has bowed to the inevitable and outlined plans for commissioners to run Northamptonshire CC amid concerns over the county’s sustainability.
Northamptonshire issues s114 amid growing cash crisis
Northamptonshire CC’s director of finance has issued a section 114 order, calling a halt to spending at the cash-strapped authority.
