Download IPFS Peterborough City Council faces renewed scrutiny after auditors flagged serious risks surrounding a multimillion-pound loan intended to fund a Hilton hotel that remains incomplete years after construction first broke ground. In 2017, the council borrowed £15 million from the central government to lend to a private developer for[Read More…]

Download IPFS Britain’s foreign aid spending has dropped substantially as the nation channels an unprecedented share of taxpayer funds into housing and supporting asylum seekers, according to the latest official review. A government spending watchdog has revealed that nearly a fifth of the United Kingdom’s (U.K.) international aid budget is[Read More…]

Download IPFS Chancellor Rachel Reeves is set to announce a new wave of financial reforms during a visit to Leeds, aimed at easing homeownership for working families and bolstering economic growth through regulatory change. The announcement comes ahead of her first Mansion House speech as Chancellor of the Exchequer. The[Read More…]

Download IPFS Christchurch Town Council has come under scrutiny after admitting to major financial errors, including a failure to register for Value Added Tax (VAT), raising concerns about oversight and accountability. A series of discrepancies emerged when council officers discovered the mistakes, which dated back over a year. The council[Read More…]

Download IPFS British finance minister Rachel Reeves is set to outline policies to make mortgages more attainable, a move presented as part of sweeping financial reforms to jump-start the United Kingdom’s sluggish economy. In a speech at London’s Mansion House, Reeves plans to confirm that the government will permanently maintain[Read More…]

Download IPFS Britain’s chief financial regulator is moving to ease some of the burdensome rules that have discouraged companies from tapping the nation’s public markets. The Financial Conduct Authority has rolled out reforms that scrap the need for most prospectus documents when listed firms issue new shares, aiming to make[Read More…]