Finance

Indians have lost thousands on transfers from the UK instead of saving on remittances

In 2023, the cost for outbound transfers from the UK stood at 5.97%, implying an average Indian resident would spend nearly £30 on a...

Council warns it will ‘enter freefall’ as it reveals further £16m in cuts needed

A North London council has issued a stark warning about the need to take ‘difficult decisions’ regarding cuts to public services over the next...

Slough Borough Council on course to overspend by £31.9 million in 2028

'Years of neglect’ and national challenges mean Slough Borough Council is on course to spend almost £32 million more than it can budget for...

Job centre office block could be sold to pay council debts

A town centre tower block housing Slough’s jobcentre could be sold off by the council in an effort to balance its books. Leaders at debt-ridden...

Council sets out new pay policy with 20 bosses entitled to £100k or more

Kirklees Council bosses are set for six-figure salaries as the local authority has published its Pay Policy Statement for 2024/25. The Pay Policy sets out...

Conservatives blame former Labour leaders for multimillion pound overspend

Council leaders have blamed the Labour Party for a multi-million pound overspend in the council’s budget last year. Documents revealing the state of Slough Borough...

Man in court over Covid bounce back loan charges

A man has appeared in court to face a series of charges relating to an alleged Covid bounce back loan fraud. Shohid Ahmed has been...

Leeds Council grapples with £90m in unpaid taxes amid economic strain

Households in the city owed more than £90m in unpaid council tax at the end of the last financial year, figures reveal. Arrears increased after living costs rose...

Councils plead with next government to fix ‘broken’ system or risk more town halls going bust

The next government has been urged to commit to a “significant and sustained” funding boost to stop more local councils going bust and protect...

Council bosses approve sale of Middlesbrough manufacturing park to highest bidder

Council leaders have approved the sale of TeesAMP to the highest bidder at an unpublished sum. The manufacturing park on the edge of Riverside Industrial...

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