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Rob Whiteman. Photo: CIPFA
Future versions of the Fair Funding Review should be carried out by an independent body, according to Rob Whiteman, chief executive of the Chartered Institute of Public Finance and Accountancy.
Earlier this year, initial proposals resulting from the government’s current review sparked an angry response from urban councils, which claimed they would be hit by the removal of the current deprivation measure in the foundation formula.
Speaking before the Housing, Communities and Local Government Committee this week, Whiteman said reducing government’s role in the process could lead to a more transparent and fairer outcome for councils.
He said: “I hope one day a government would consider some of that w
...Local Government Pension Scheme investments in equities dropped by 3.2% in 2017/18 as overall assets rose by 5% compared to the previous year to £275bn, according to the Scheme Advisory Board (SAB) annual report.
The Public Accounts Committee (PAC) says the government has not done enough to ensure local authorities adopt proper governance arrangements over their increasing commercial ventures.
The National Audit Office is investigating the growing trend of councils borrowing from the Public Works Loan Board to fund property investment, it has emerged.
Northamptonshire County Council has turned a projected overspend of more than £30m for 2018/19 into a budget surplus of £1m in a turnaround described by the authority’s executive financial director[…]
Extinction Rebellion protesters this week derailed a speech by local government minister Rishi Sunak to demand he gives council pension funds greater powers to disinvest from fossil fuel companies. Evading[…]
Eastleigh Borough Council has repaid £300m of short-term borrowing from other local authorities, using Public Works Loan Board cash. The council has repaid the cash, which makes up around three[…]
The forthcoming Spending Review is set to pave the way for the devolution of some national taxes to local government, according to chief secretary to the Treasury, Liz Truss. Speaking[…]
Hertfordshire County Council is facing a funding gap set to grow to £90m in four years’ time, with plans in place expected to account for half of the shortfall, according[…]
The National Audit Office has reported a significant improvement in the financial transparency of England’s Local Enterprise Partnerships (LEPs) after section 151 officers were given extra responsibility for ensuring that[…]
