• Home
  • About
  • Subscribe
  • Conference
  • Events Calendar
  • Webcast151
  • MOTB
  • Log In
  • Register

Room 151

  • 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

News roundup: Business rates and the CPI, Sajid Javid and Grenfell safety, LGPS and boycotts, Manchester sues developer

0
  • by Colin Marrs
  • in 151 News
  • — 27 Jul, 2017

Government sticking to business rates uprating change
The Treasury has scotched rumours that it would take pressure off local government by scrapping its proposed move to uprate business rates using the consumer price index (CPI). Hopes had been growing in the sector that the government would stick with its current retail price index calculation, saving £1bn for local government over the first three years. However, according to pub trade magazine the Morning Advertiser, the Treasury said: “We are committed to switching business rates indexation from RPI to CIP from 2020 and will introduce legislation in due course.”

Sajid Javid MP

Javid accused of misleading MPs over fire safety funding
Communities secretary Sajid Javid has been accused of misleading MPs by denying any councils has asked for extra money to carry out safety work following the Grenfell Tower disaster. Javid told the House of Commons last week that “not a single local authority or housing association has approached me or my department to ask for any assistance”. Huffington Post this week reported that at least five councils have written to the minister asking for help.

Boycott reference removed from LGPS guidance
The government has removed a reference banning Local Government Pension Scheme funds from implementing boycotts and divestment from foreign countries. Guidance has removed the wording that previously said that “using pension policies to pursue boycotts, divestment and sanctions against foreign nations and UK defence industries are inappropriate other than where formal legal sanctions, embargoes and restrictions have been put in place by the government”. However, the wording was ruled unlawful by the High Court last month.

Pennington Flash Nature Reserve, Greater Manchester. Photo (cropped): Ronald Saunders

Greater Manchester drafting capital plan for natural assets
A plan aimed at providing better protection for the environment is being written by Greater Manchester Combined Authority. The Natural Capital Investment Plan would see a fund targeted at natural assets identified as providing strategic benefits to local communities “either through the services provided or environmental issues mitigated”, according to an authority report.

Liverpool suing scheme developer
The developer behind the New Chinatown scheme in Liverpool is being sued by the city’s council for almost £1m after the regeneration work stalled. The scheme, near the city’s cathedral, was planned to provide 790 homes, a hotel and shops. The council is demanding Chinatown Development Company forfeits two leases on the site and pays £950,000.

Get the Room151 Newsletter

Share

You may also like...

  • Moody’s upgrades Lancashire’s outlook due to easing of pressure on reserves Moody’s upgrades Lancashire’s outlook due to easing of pressure on reserves 30 May, 2019
  • News round-up: Surrey Heath spend £100m on property, public contracts crackdown, Havering JV, pothole bill surges News round-up: Surrey Heath spend £100m on property, public contracts crackdown, Havering JV, pothole bill surges 12 Jan, 2017
  • Northamptonshire thrown a lifeline – again Northamptonshire thrown a lifeline – again 30 Jan, 2019
  • Mansion Tax, HRA Cap, JV Concerns, Solar Power Loan, Lothian Pension Fund Mansion Tax, HRA Cap, JV Concerns, Solar Power Loan, Lothian Pension Fund 25 Sep, 2014

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Register to become a Room151 user

  • Latest tweets

    Room151 6 hours ago

    PWLB changes and local authority creditworthiness: David Green asks whether new borrowing rules should prompt lenders to reassess the risk of doing business with councils. There are two main reasons why an organisation might default on[...] dlvr.it/RrRqq1 pic.twitter.com/ZY9gpuPBbu

    Room151 2 days ago

    All three days of #LATIF & FDs' Summit are available on our webcast channel gotostage.com/channel/room151

    Room151 5 days ago

    FDs’ Summit experts defend councils as MPs label property investment ‘risky’: As Room151’s FDs’ Summit conference explores local government’s investment in commercial property MPs once again lable it a “significant risk to government”. Once again MPs… dlvr.it/Rr7lZx pic.twitter.com/jPvcZjDAS4

    Room151 5 days ago

    Global macro outlook: Virus versus vaccine: Sponsored article: Salman Ahmed argues monetary policy, a global vaccine rollout and fiscal stimulus are likely to put “upward pressure” on bond yields. Much like the latter half of 2020,[...] dlvr.it/Rr60nt pic.twitter.com/qsymBWmKmV

    Room151 6 days ago

    ‘Chasing yield’ not the best strategy as negative rates loom: Recent speculation that the UK may be heading toward negative interest rates prompts questions for treasury officers managing local authority funds at LATIF. Speculation is rife that the UK… dlvr.it/Rr3Mrj pic.twitter.com/wtxYAB20PO

    Room151 1 week ago

    Will new public procurement rules offer the best commercial results?: The government has issued a green paper on reforming procurement rules. Helen Randall and Rebecca Rees examine the proposals and argue they may not go far enough. The Cabinet… dlvr.it/Rqtw6T pic.twitter.com/9GiVTkL08U

    Room151 2 weeks ago

    The vaccine may help settle cash flows but inflation remains a risk: Sponsored article: Lauren Sewell examines the prospects for long-term borrowing as Brexit settles and vaccines are deployed against Covid-19. On the 9th October 2019 Whitehall sent… dlvr.it/RqZXCr pic.twitter.com/PzgOZOGQ0k

    Room151 2 weeks ago

    ESG in liquidity: Sponsored article: Gavin Haywood looks at the integration of ESG in Federated Hermes’ money market funds. Federated Hermes has over 300 public sector clients invested in our AAA rated money[...] dlvr.it/RqZX5f pic.twitter.com/E87sBXsay8

    Room151 2 weeks ago

    New realities of investing cash and liquidity: “What to do now?”: Sponsored article: Brian Buck looks at the “unique challenge” for cash management strategies. As investors assess the ongoing impact of the pandemic on their business, levels of cash and… dlvr.it/RqVbk9 pic.twitter.com/ZElVASmEUV

    Room151 2 weeks ago

    Extra finance promised by the government receives a broad welcome: Sponsored article: The financial pressures facing local authorities this year continue to pose challenges for council treasurers. While the launch of the UK’s Covid-19 vaccination… dlvr.it/RqTzTF pic.twitter.com/HCjH0pyHR5

    Room151 2 weeks ago

    A savvy approach to managing your cash: Sponsored article: Caroline Hedges examines the need for active cash management to achieve a higher than average return. Last year saw the already mountainous pile of negative-yielding debt around the[...] dlvr.it/RqTzMK pic.twitter.com/uP0RQYTJLt

    Room151 2 weeks ago

    Putting alternatives at the heart of multi-asset portfolios: Sponsored article: Nick Edwardson looks at the assets that provide the “most attractive opportunities”. We believe that asset allocation is the primary driver of investment returns and that the… dlvr.it/RqQ2Qt pic.twitter.com/WLBzvRRRUQ

    Room151 2 weeks ago

    Thriving in the pandemic: Avoiding the stragglers: Sponsored article: George Crowdy looks at the sectors providing opportunities for sustainable investment. Throughout much of 2020, we talked about why sustainable investing has thrived in the pandemic,… dlvr.it/RqQ2NQ pic.twitter.com/dxiPWKFsPl

    Room151 2 weeks ago

    The development of CCLA’s mental health benchmark: Sponsored article: Amy Browne examines the importance of investing in mental health in the workplace. We are living through a public health emergency in more ways than one. Physical health[...] dlvr.it/RqQ2Jx pic.twitter.com/o6yRSCX3oF

    Room151 2 weeks ago

    Brexit: What the EU trade deal means for the UK economy: Sponsored article: Hetal Mehta looks at the impact of Brexit on economic prospects. Four and a half years after voting to leave the EU, on Christmas Eve the UK finally[...] dlvr.it/RqLBDt pic.twitter.com/No62srfE8h

    Room151 2 weeks ago

    Cash dethroned: The quest for liquid yield: Sponsored article: Peter Hunt and George Carne ask how treasury departments can balance the need for yield and liquidity. The massive stimulus and waves of liquidity provided by central banks[...] dlvr.it/RqLBDj pic.twitter.com/05g6Zhu1kU

    Room151 2 weeks ago

    Richard Harbord: Delayed “capital determinations” make section 25 opinions a new crunch point: The severe pressure on local government budgets now means section 151 officers confront a tricky call on  whether they can make a judgement on the robustness… dlvr.it/RqLBDV pic.twitter.com/vTAbDKFzkI

    Room151 1 month ago

    PWLB Consultation: Analysis straight from Dickens: Helen Radall and Paul McDermott present a legal examination of the new PWLB borrowing rules as Charles Dickens might have imagined it. Free and easy PWLB (“Marley” to his friends)[...] dlvr.it/RnmwLq pic.twitter.com/yFxcPrQqEG

  • Categories

    • 151 News
    • Agent 151
    • Blogs
    • Chris Buss
    • Cllr John Clancy
    • Dan Bates
    • David Crum
    • David Green
    • Development
    • Forum
    • Funding
    • Graham Liddell
    • Ian O'Donnell
    • Interviews
    • Jackie Shute
    • James Bevan
    • Jobs
    • LGPSi
    • Mark Finnegan
    • Recent Posts
    • Resources
    • Richard Harbord
    • Stephen Fitzgerald
    • Stephen Sheen
    • Steve Bishop
    • Technical
    • Treasury
    • Uncategorized
  • Archives

    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • 2012
    • 2011
  • Previous story Energy: the next great opportunity for local government
  • Next story Billions needed to match EU funding for local communities after Brexit

© Copyright 2021 Room 151. Typegrid Theme by WPBandit.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies from this website.OK