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

Room 151

  • 151 BRIEF

    What's New?

  • Welsh pension fund confirms £50m investment in clean energy

    August 10, 2022

  • Inflation ‘disastrous’ for local services, warns LGA

    August 10, 2022

  • Consultation opens into care charging reforms

    August 9, 2022

  • ADASS survey: ‘worst fears confirmed for adult social care’

    August 5, 2022

  • GMCA to unlock funds for home energy-efficiency upgrades

    August 4, 2022

  • Levelling up committee calls for urgent boost to social care funding

    August 4, 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: PWLB borrowing jumps, Labour’s leaked local government policy, LGPS Central’s new chair, Surrey’s underspend

0
  • by Colin Marrs
  • in 151 News
  • — 11 May, 2017

PWLB borrowing jumps in April
Local authorities borrowed £526m through the Public Works Loan Board in April, according to the latest figures. The total was a rise from the £333m taken out in March. The largest single loan was made to Eastleigh Borough Council, which took £50m at 2.31% over 50 years.

Photo (cropped): Paul Wilkinson, Flickr

Labour local government plans leaked
A future Labour government would “consider” reintroducing a national pay structure for local government employees, according to a leaked draft version of its manifesto. If adopted, the document would also commit the party to giving members of the Local Government Pension Scheme full trustee status “to help control investments and reduce fees and charges”.

Segars to chair LGPS pool
Departing Pensions and Lifetime Savings Association chief executive Joanne Segars, is to join Local Government Pension Scheme pool, LGPS Central, as non-executive chair. Segars is leaving the association after 10 years at the helm and will help the pool fill senior roles. The pool is seeking two non-executive directors, a chief executive officer, a chief investment officer and a joint chief operating officer/chief financial officer.

David Hodge. Photo: Surrey CC, Flickr

Surrey announces underspend
Surrey County Council has announced a £6.7m underspend for 2016/17. However, the council, which earlier this year was embroiled in a row over a proposed council tax rise of 15%, fell short of its savings target of £82.9m. Leader David Hodge told the county council’s cabinet that the achieved savings had been made possible by avoiding further spending commitments, efficiencies and one-off measures.

IR35 changes ‘lead to higher contractor rates’
Public sector employers are increasing pay rates for contractors as a result of new IR35 tax rules, according to a report. Website Contractor UK said that one recruitment firm had reported that 16% of contractors had successfully raised their daily rates in the wake of the changes.

Get the Room151 Newsletter

Share

You may also like...

  • Waste authority to issue green bond through UKMBA 2nd Feb, 2022
  • Brunel CEO: delayed consultation ‘risks LGPS reputation’ 19th Jul, 2022
  • New intervention powers and borrowing restrictions ‘credit positive’, says Moody’s 7th Jun, 2022
  • Councils face ‘significant national barriers’ to meeting net-zero targets 19th Jul, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • 151 BRIEFS – WHAT’s NEW?

    • Inflation ‘disastrous’ for local services, warns LGA
    • Consultation opens into care charging reforms
    • ADASS survey: ‘worst fears confirmed for adult social care’
    • GMCA to unlock funds for home energy-efficiency upgrades
    • Levelling up committee calls for urgent boost to social care funding
  • Room151’s LGPS Roundtables

    Biodiversity
    Valuations & Risk
    LGPS Women

  • Room151’s LGPS Roundtables

    Biodiversity
    LGPS Women
    Valuations & Risk
  • Latest tweets

    Room151 5 hours ago

    Which LGPS pools and funds are attending the LGPS Investment Forum on Nov 2 & the LGPS Private Markets Forum on Nov 1st? Answer here: lnkd.in/eDHU8tuy pic.twitter.com/D3gd63Rh7F

    Room151 22 hours ago

    LGPS and levelling up: nothing to fear but fear itself: There have been a number of objections to government plans for LGPS funds to invest 5% of their assets in local projects. But George Graham says these objections can be[...] dlvr.it/SWL7vt pic.twitter.com/ebwBEkZTy4

    Room151 23 hours ago

    George Graham @SYpensions @bordertocoast channels his inner FDR in a call for local government pension funds to avoid the fear factor and embrace levelling up #LGPS #localgov room151.co.uk/local-governme…

    Room151 2 days ago

    Changes to rules on capital receipts raise wider questions: Stephen Kitching argues that DLUHC’s latest rule changes are part of a series following on from revisions to MRP guidance and the purchase of commercial property. He questions whether… dlvr.it/SWGqKC pic.twitter.com/Ycr5hWZDPk

    Room151 5 days ago

    ‘No ifs, no buts’: the Bank of England continues its battle with inflation: Partner Content: CCLA Investment Management’s Robert Evans discusses the MPC’s 0.5% increase in the Official Bank Rate and its ongoing commitment to the 2% inflation target… dlvr.it/SW7SNC pic.twitter.com/ryOzYRSNA9

    Room151 6 days ago

    DLUHC changes rules on flexible use of capital receipts: The levelling up secretary has written to all council leaders to amend the rules concerning the flexible use of capital receipts to fund transformation projects. In his letter, Greg Clark[...] dlvr.it/SW3jyX pic.twitter.com/KEhSSaMITl

    Room151 7 days ago

    Local audit and financial reporting: let’s take back control: Mazars’ Suresh Patel suggests three steps that auditors and council finance teams should take to help get financial reporting and local audit back on track. Following my recent appearance… dlvr.it/SW0PfV pic.twitter.com/miL7pjukce

    Room151 1 week ago

    The case for residential investment: income, impact and resilience: Partner Content: Emma Gullifer from Columbia Threadneedle discusses the options for pension funds looking to invest in residential property including the Build-to-Rent market.… dlvr.it/SVzKwN pic.twitter.com/hdgZ4zKt4H

    Room151 1 week ago

    Draft accounts: delays continue despite deadline dash: Dan Bates discusses the latest data on the publication of local authority accounts and examines why so many councils missed the 31 July deadline. Sunday 31 July 2022 was the[...] dlvr.it/SVx2ZT pic.twitter.com/gdELhD3Yis

  • Register to become a Room151 user

  • Previous story Suffolk earmarks £110m for alternative assets
  • Next story David Green: Mutual investment in property

© Copyright 2022 Room 151. Typegrid Theme by WPBandit.

0 shares