England’s councils risk bankruptcy over £4.6bn deficit

UK (Parliament Politics Magazine) – A National Audit Office report warns that nearly half of England’s councils could collapse financially due to a £4.6bn deficit and delayed funding reforms. The government’s fiscal watchdog warns that nearly half of England’s councils face bankruptcy

Hackney Council cuts deficit by £16m, Mayor announced

Hackney (Parliament Politics Magazine) – Hackney Council reduces £67m budget gap with central government aid, despite criticism over ongoing service cuts, says Mayor Caroline Woodley. Following a “careful use of reserves” and a cash infusion from last year’s local government finance settlement,

Rachel Reeves’ promises slammed by ex-Bank of England chief

UK (Parliament Politics Magazine) – Former Bank of England chief Mervyn King has criticised Chancellor Rachel Reeves’ tax policies, calling her pre-election promises “irresponsible.” The ex-central bank head blasts the chancellor’s pledges before elections and urges her to raise the income tax.