FCA investigates WHSmith after major accounting error
The Financial Conduct Authority has opened an investigation into WHSmith following a significant accounting failure in its North American arm that wiped £600m from its value. Read the latest.
Category : Search result: local authority finance
WH Smith recovers bonuses after £50m accounting error
WH Smith launches clawback of executive bonuses as the FCA investigates a £50m profit overstatement in its US arm. The retailer pledges governance reforms.
Dudley Council's £75.9m funding sparks political debate
Dudley Council is set for a £75.9m three-year finance settlement from the Labour government. While Labour MPs hail a 'turning point', the borough's Conservative leader urges caution, saying 'the devil is in the detail'. Read the full story.
West Midlands transport staff strike over pay dispute
Bus station workers and customer service staff in the West Midlands walk out for a second time, rejecting a 3.2% pay offer. UNISON warns of disruption to transport and projects.
Birmingham Council gets major funding boost after bankruptcy
Birmingham City Council secures a massive £651.5m funding increase over five years as part of a new £78bn government settlement targeting deprived areas. Read the full story.
Edgbaston's historic stands demolished for £46m redevelopment
Demolition starts on Edgbaston's Raglan and Priory Stands, paving the way for a new £46m stand and Radisson RED hotel ahead of the 2027 Ashes. The project will boost jobs and the local economy.
Labour's Two-Year Plan for UK Crypto Regulation
The UK government announces a two-year timeline to bring crypto firms under FCA regulation, aiming to boost innovation and consumer protection. Read the full details.
Birmingham Council plans sale of iconic Alpha Tower
Birmingham City Council proposes selling the freehold of the Grade II listed Alpha Tower to aid its financial recovery. Key committee vote set for December 16.
Bus franchising threatens Liverpool matchday travel business
Tony Mullane fears his £2 taxi-bus service for Liverpool FC fans could be squeezed out as the city region moves to a publicly controlled bus network. Read his story and the Combined Authority's response.
£246m for West of England bus service improvements
The government has announced a £246m funding package for bus services across the West of England. Local authorities will decide how to spend the money on new vehicles, infrastructure, and keeping fares low.
£264m funding for faster, cheaper West Midlands buses
A £264.1 million government funding package will transform bus services in Birmingham and the West Midlands, aiming for lower fares and more reliable journeys. Discover how this investment will impact your commute.
DWP's new anti-fraud powers to save £1.5bn
The DWP unveils a major crackdown on benefit fraud with new data powers to prevent overpayments and recover billions. Discover the new 'no hiding place' measures.
Car finance scandal: FCA sets final decision deadline
The FCA has issued a crucial update on the car finance scandal, setting a final deadline for complaints. Millions could receive £700 payouts. Read the latest.
Dudley's £56m SEND funding crisis explained
Dudley Council faces a £56m SEND funding black hole despite a national budget change. Discover the local crisis and what the future holds for special needs provision.
Dudley's £56m SEND deficit 'bomb' unresolved
Dudley Council awaits answers on a £56m SEND funding deficit despite a new national policy. The financial 'bomb' could still push the authority towards effective bankruptcy. Read the latest.
Sandwell Council's Week: Key Decisions Revealed
From a controversial 24/7 casino approval to a rejected 'battery farm' HMO and a UK-first robotic pharmacy. Get the full update on Sandwell Council's major decisions this week.
FCA Probes WHSmith Over £600m Accounting Blunder
The Financial Conduct Authority is investigating WHSmith after a £50m accounting error wiped £600m from its market value. Read the latest on the executive fallout.
Brits save £1,411 each by cutting back on costs
New research reveals 83% of UK adults have tightened their purse strings, saving an average of £1,411 this year. Discover the top ways people are saving money.
Calls to Continue West Midlands Business Growth Scheme
A West Midlands programme has helped 2,000 SMEs secure £4.2m. Businesses urge its continuation as funding ends in March 2026. Read more and see how to attend the final summit.
Birmingham greengrocer fights closure after 55 years
John Ward, 76, says his Stirchley greengrocer J&H Ward beats supermarkets on price and quality. He warns the community must support him now or the shop will close for good.
Child abuse survivor gets £250k compensation for trauma
Chloe Brinn, 28, receives £250k compensation after childhood sexual abuse led to psychosis and inability to work. Read her powerful story of survival and justice.
West Brom owner's net worth compared to rivals
West Brom owner Shilen Patel's £80m+ net worth ranks among the lowest in the Championship. Explore how the Baggies compete financially with rivals like Middlesbrough and Sheffield United.
Barclays' Urgent Switch Warning: Don't Miss £900
Barclays warns customers to act fast on £900 switching bonuses. Secure £400 for current accounts and £500 for ISA transfers before deadlines expire.
UK Savings Alert: £10,000 Accounts Losing Millions
UK households with £10,000 in savings are missing out on billions. Discover why switching your bank account is crucial to protect your money from inflation.
Birmingham City Owner Net Worth vs Championship Rivals
Birmingham City, backed by Knighthead Capital's £1.34bn+, aim for Premier League return. See how their financial power compares to Millwall, Leicester and other Championship clubs.
Labour's Income Tax Hike: What It Costs You
Analysis reveals how a potential 1p Income Tax rise in the Autumn Budget could add over £200 to the average worker's bill. See the impact on your finances.
Council pays £325k consultants for 'super council' plans
Worcestershire County Council paid PwC £325,000 to devise 'One Worcestershire' unitary authority plans. The controversial cost was revealed during a scrutiny panel meeting.
Martin Lewis: Get £175-£400 for Bank Switching
Martin Lewis reveals how to claim up to £400 in free cash by switching banks this November. Discover seven banks offering incentives and how to maximise your earnings.
Premier League Adopts New Financial Rules
Premier League clubs have voted to implement Squad Cost Ratio rules from 2025/26, replacing PSR. The new system aims to promote competition while aligning with UEFA regulations. What does this mean for your club?
ISA allowance cut risk in Autumn Budget, experts warn
Chancellor Rachel Reeves faces warnings over potential Cash ISA cuts from £20,000 to £10,000 in next week's Autumn Budget. Experts say this risky move could harm savers approaching retirement.
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