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

Room 151

  • 151 BRIEF

    What's New?

  • John Turnbull elected president of the SLT

    May 12, 2022

  • Pension pool identifies biodiversity as a priority

    May 11, 2022

  • TfL latest to face credit-rating downgrade by Moody’s

    May 10, 2022

  • Government proposes ‘fairer, more accurate’ business rates system

    May 10, 2022

  • Queen’s Speech confirms planning reforms

    May 10, 2022

  • 18,000 affordable houses lost through ‘permitted development’

    May 9, 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

Southwest One Deal, Unitarisation Moves, Liverpool Developer Loans, Oxford Borrowing Cap

0
  • by Jo Tura
  • in 151 News
  • — 3 Oct, 2013

Southwest One staff may return to council
Taunton and Deane Borough Council may bring back in house 40 staff after a review of an outsourcing contract. A final decision will be made in November on moving away from the arrangement with Southwest One, which was set up in 2007. The outsourcing company and the council (along with Somerset County Council which Southwest One also works for) had been to the courts after the councils claimed that the company was failing to deliver on promised savings. Somerset settled the case in July for £5.9m.

Unitarisation argument gains weight in Bucks
An Aylesbury Vale District Council committee is considering the costs and benefits of unitarisation. Buckinghamshire has four districts and one county council. Another of the districts, Wycombe District Council, also recently decided to look into unitarisation. An independent councillor for Aylesbury Vale said that the council’s frontline services were at risk and the council was “in danger of spending a disproportionate amount of available funds on overheads”. However the council’s leader recently said it was the wrong time to be considering creating a unitary authority.

… And Leics
Leicester County Council is also to commission research into unitarisation following requests from local MPs. The county has £110m in savings to find over the next five years.

Liverpool looks to support developers
Liverpool’s deputy mayor, Paul Brant, has called on his council to lend from reserves and borrowings to private developers to help kick start the economy. Liverpool City Council recently lent £25m to a fledgling property developer to buy and refurbish an old dockside HMRC building, spent £2m on the former Royal Insurance Building to help convert it into a hotel and bought Everton’s Finch Farm training ground for its rental income. “While regeneration is not a statutory core service most councils regard it as a cornerstone,” said Brant.

Oxford City Deal requests increased borrowing
Oxford City Council has asked for its borrowing cap to be increased from £37m to £121m as part of its City Deal. The extra money would be used to build up to 2000 new homes.

Share

You may also like...

  • ‘Major issue’ leading to delays in signing off council accounts 26th Apr, 2022
  • ‘Demand outpacing supply’ on green LGPS investments 24th Feb, 2022
  • What role will climate change have on the pricing of government bonds? 24th Feb, 2021
  • Delay to IFRS 16 agreed by ‘narrowest possible margin’ 18th Mar, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Register to become a Room151 user

  • Latest tweets

    Room151 2 days ago

    ‘Urgent consultation’ issued in response to continuing audit delays: CIPFA and the Local Authority Scotland Accounts Advisory Committee (LASAAC) have announced another “urgent consultation” to consider proposals to address the latest issue that has led… dlvr.it/SQJ0kV pic.twitter.com/s6vw0bnGXO

    Room151 3 days ago

    Bags of capacity – now to housing delivery: HRAs have been freed up and councils are starting to invest, but some remain cautious, writes Steve Partridge. He suggests that a minimum of £10bn of additional borrowing could be[...] dlvr.it/SQDvxk pic.twitter.com/yZmoWzHv6U

    Room151 3 days ago

    Bags of capacity – now to housing delivery room151.co.uk/treasury/bags-…

    Room151 4 days ago

    To Michael Gove: a modest proposal: Conrad Hall has written an open letter to the levelling up secretary suggesting an unusual (and tongue-in-cheek) proposal to help councils predict next year’s government grant. Dear Secretary of State,[...] dlvr.it/SQ9GpX pic.twitter.com/mSX1xgeL8a

    Room151 4 days ago

    Queen’s Speech: an ambitious plan hampered by omissions: Richard Harbord examines the impact of the government’s legislative proposals on councils, and concludes that local authorities expect and need more from central government. However you view the… dlvr.it/SQ8hmP pic.twitter.com/BsnziyNPIO

    Room151 5 days ago

    Insights and inspiration from LGPS leaders past and present: Four current and former LGPS leaders have recently given powerful and insightful interviews as part of the Fiftyfaces podcast, which showcases inspiring investors and their stories. Hosted by… dlvr.it/SQ53lC pic.twitter.com/IRYMFPxdA2

    Room151 6 days ago

    Rate rise represents ‘fastest increase in borrowing costs in 25 years’: Partner Content: CCLA Investment Management’s Robert Evans analyses the rationale for the Bank of England’s latest rise in the Official Bank Rate and assesses the likely outcome of… dlvr.it/SQ33k3 pic.twitter.com/A81yiS1UgN

    Room151 6 days ago

    The Liability Benchmark, very much unloved at the recent Room151 treasury briefing, receives a much more positive assessment from Jackie Shute. There’s ‘no better tool for treasury portfolio management’, she says. #localgov #finance room151.co.uk/treasury/in-pr…

    Room151 6 days ago

    In praise of the Liability Benchmark: Jackie Shute responds to recent criticisms of the framework used to plan the future borrowing requirements of a local authority. I’m not suggesting that this debate will have the same[...] dlvr.it/SQ2cGf pic.twitter.com/4rqXTpHC9A

  • Categories

    • 151 News
    • Agent 151
    • Audit
    • Blogs
    • Business rates
    • Chris Buss
    • Cllr John Clancy
    • Council tax
    • Dan Bates
    • David Crum
    • David Green
    • Development
    • Education
    • Forum
    • Funding
    • Governance
    • Graham Liddell
    • Housing
    • Ian O'Donnell
    • Infrastructure
    • Interviews
    • Jackie Shute
    • James Bevan
    • Jobs
    • Levelling up
    • LGPS
    • Mark Finnegan
    • Net Zero
    • Private markets
    • Recent Posts
    • Regulation
    • Resources
    • Responsible investing
    • Richard Harbord
    • Risk management
    • Social care
    • Stephen Fitzgerald
    • Stephen Sheen
    • Steve Bishop
    • Technical
    • Transport
    • Treasury
    • Uncategorized
    • William Bourne
  • Archives

    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • 2012
    • 2011
  • Previous story How far can the commissioning council go?
  • Next story Interview: Ben Still & David Hewitt of the Sheffield City Region LEP

© Copyright 2022 Room 151. Typegrid Theme by WPBandit.

0 shares