• Home
  • About
  • Subscribe
  • LATIF
  • Conferences
  • Dashboard
  • Edit My Profile
  • Log In
  • Logout
  • Register
  • Edit this post

Room 151

  • 151 BRIEF

    What's New?

  • Slough welcomes commitment that Office for Local Government ‘will not be a burden’

    June 30, 2022

  • Homes England agrees strategic partnership with two authorities

    June 29, 2022

  • Soaring inflation and pay pressures to add £3.6bn to council budgets

    June 28, 2022

  • Underfunded social care reforms could ‘exacerbate workforce pressures’

    June 27, 2022

  • Nottingham City Council leader labels proposed intervention as ‘disappointing’

    June 27, 2022

  • Government preparing to intervene in Nottingham City Council

    June 23, 2022

  • Treasury
  • Technical
  • Funding
  • Resources
  • LGPS
  • Development
  • 151 News
  • Blogs
    • David Green
    • Agent 151
    • Dan Bates
    • Richard Harbord
    • Stephen Sheen
    • James Bevan
    • Steve Bishop
    • Cllr John Clancy
    • David Crum
    • Graham Liddell
    • Ian O’Donnell
    • Jackie Shute
  • Interviews
  • Briefs

News Round-up: housing associations and Brexit, business rates reform, Housing Bill, ethical investment

0
  • by Colin Marrs
  • in 151 News
  • — 19 May, 2016

Brexit could dampen housing association’s debt appetite
A vote by the UK to leave the European Union could lead to finance decision being deferred by housing associations, according to ratings agency Fitch. In a document published this week, it said that if house prices fell by a quarter following a leave vote, associations would take a pause before deciding whether to issue more bonds.

Queen’s Speech outlines business rates reform
The government has announced in this week’s Queen’s Speech that it plans to bring forward a Bill to enable councils to retain 100% of business rates. The government said that new measures in the Bill would also allow combined authority mayors to introduce a business rate supplement to fund new infrastructure projects.

Housing and Planning Bill gets Royal Assent
The government’s Housing and Planning Bill, introducing the Right to Buy for housing association tenants, has received Royal Assent. Measures included in the Bill will see councils forced to sell high value properties to fund discounts for tenants, as well as providing new affordable homes.

Collaboration aimed at local growth
Leaders from universities and councils are to work on a new initiative aimed at driving growth and redesigning public services. Pilots for the new Leading Places Project will be rolled out in Gloucestershire, Manchester, Newcastle and Gateshead, Brighton and Sussex, Bristol, and Coventry/Warwickshire this month. Mark Hawthorne, chairman of the Local Government Association’s People and Places Board and also leader of Gloucestershire County Council, said: “Co-operation with universities will give councils access to greater expertise and research opportunities. This is about applying local knowledge to solve problems as well as putting universities at the heart of creating local growth opportunities, innovation and skills.”

Guide to ethical investing launched
The Pensions and Lifetime Savings Association (PLSA) has launched a new guide to environmental, social and corporate investment governance. The new guide was launched at the body’s local authority conference in Gloucestershire this week. PSLA chairman Lesley Williams, said: “There is a growing body of evidence showing that integrating environmental, social and governance considerations into investment decisions can have a positive impact on risk-adjusted returns, particularly over the long-term time horizons applicable to pension funds’ investments. So, this isn’t about going greener but about achieving better outcomes.”

 

CIPFA launches international qualification
The Chartered Institute of Public Finance and Accountancy has launched new qualifications in International Public Sector Accountancy Standards. Announcing the new qualification, Gillian Fawcett, head of the CIPFA governments faculty, said: “Bringing countries into line with proper accounting standards will offer more accurate picture of national finances, which can help bring stability to international markets.

Share

You may also like...

  • Liability benchmark ‘should not be mandatory’ 29th Apr, 2022
  • Levelling-up should be ‘rural-proofed’, says West Lindsey CEO 24th Feb, 2022
  • Government welcomes devolution bid by four Midlands councils 16th Jun, 2022
  • Treasury to restrict PWLB loans to councils at risk of non-repayment 19th May, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • 151 BRIEFS – WHAT’s NEW?

    • Homes England agrees strategic partnership with two authorities
    • Soaring inflation and pay pressures to add £3.6bn to council budgets
    • Underfunded social care reforms could ‘exacerbate workforce pressures’
    • Nottingham City Council leader labels proposed intervention as ‘disappointing’
    • Government preparing to intervene in Nottingham City Council
  • Room151’s LGPS Roundtables

    Biodiversity
    Valuations & Risk
    LGPS Women

  • Room151’s LGPS Roundtables

    Biodiversity
    LGPS Women
    Valuations & Risk
  • Latest tweets

    Room151 11 hours ago

    Hillier confirmed as keynote speaker for LATIF/FDs’ Summit: Dame Meg Hillier, chair of the Public Accounts Committee, has been confirmed as a keynote speaker for Room151’s combined Local Authority Treasurers Investment Forum (LATIF) and FDs Summit. The… dlvr.it/ST70F7 pic.twitter.com/hxV676Iley

    Room151 11 hours ago

    Councils’ funding at risk due to ‘undercounting’ in census data: Population estimates in London and Manchester may have been significantly underestimated in the 2021 census potentially threatening government funding for frontline services in these… dlvr.it/ST707J pic.twitter.com/VncIyaXa01

    Room151 2 days ago

    Gove at LGA: councils to receive two-year financial settlement: Michael Gove has announced that councils will receive a two-year financial settlement from next year to provide authorities with “financial certainty” and allow them to plan ahead. The… dlvr.it/ST0kSV pic.twitter.com/wxL3UM4sGO

    Room151 2 days ago

    LGPS valuations: the digital journey: Rob Bilton explains how technology is helping to deliver one of the most complex data exercises in the world of public sector pensions. The 2022 valuations for LGPS funds in[...] dlvr.it/ST0kMq pic.twitter.com/VxjSPC2Uvo

    Room151 6 days ago

    Conrad Hall: ‘more sophisticated’ regulation needed for local government: The chair of the CIPFA/LASAAC Code Board has questioned the sophistication of financial regulation in local government and the continuing focus of the Department for Levelling Up,… dlvr.it/SSnPBV pic.twitter.com/G5d7JCWF8c

    Room151 1 week ago

    Slough Council approves plans to restructure finance department: Slough Borough Council has approved plans to restructure its finance department to enhance capacity and capability and to address a “significant weakness” in the function. The local… dlvr.it/SSf8DG pic.twitter.com/l5lmyHmkBg

  • Register to become a Room151 user

  • Previous story Thanet council waits for police to consider ‘fraud’ allegation
  • Next story FD’s Summit speakers on housing and infrastructure finance announced

© Copyright 2022 Room 151. Typegrid Theme by WPBandit.

0 shares