Dial 114 for funds, the cracks in local authority finance

Conservative run Northamptonshire Council has become the first local authority in two decades to signal it is close to bankruptcy. The council issued a section 114 notice this month banning expenditure on all services except those it has a statutory obligation to provide to safeguard vulnerable people. The Council Leader cited “severe financial challenges” sayingRead more

Growing the financial technology sector

Diminished access to mainstream credit and the emergence of alternative sources of finance has been one of the major personal and household finance trends over the past few years. This, of course, is most starkly illustrated by the growth of the payday lending sector and the subsequent concern this has generated. As greater numbers ofRead more

On the London Finance Commission

Yesterday’s publication of Raising the Capital – the final report from the London Finance Commission (commissioned by the Mayor of London, Boris Johnson and chaired by Prof. Tony Travers of the LSE) achieved the remarkable feat of making local government capital financing newsworthy. The LFC was established by the Mayor in 2012 to consider improvementsRead more