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Room 151

  • 151 BRIEF

    What's New?

  • LGA calls for government support as regulators face staffing issues

    May 19, 2022

  • WMCA signs £4bn investment agreement with L&G

    May 18, 2022

  • Bill will give UK Infrastructure Bank power to lend directly to councils

    May 18, 2022

  • £400bn pension group collaborates on climate transition initiative

    May 17, 2022

  • CIPFA rejects proposal for vote on publication of fraud hub report

    May 17, 2022

  • John Turnbull elected president of the SLT

    May 12, 2022

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Yearly Archive: 2022

  • Councils to pare back to core services as late settlement bites again 0
    • in 151 News · Funding
    • — 18 Dec, 2014

    Councils to pare back to core services as late settlement bites again

    Councils have reacted with dismay to today’s provisional Local Government Finance Settlement, which outlined an 8.8% cut from central government funding for next year. The settlement, unveiled today, means that[…]

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    News Roundup: Co-op fails stress test, BGC/RP Martin deal, CFOs expect service cuts, Senior officer pay questioned 0
    • in 151 News · Agent 151
    • — 18 Dec, 2014

    News Roundup: Co-op fails stress test, BGC/RP Martin deal, CFOs expect service cuts, Senior officer pay questioned

    Co-op fails BofE stress test The Co-operative Bank is the only bank to fail a stress test of the UK banking system carried out by the Bank of England. The[…]

    Read more
  • Ask the Auditor: Code of Accounting Practice needs a major overhaul 0
    • in Graham Liddell · Technical
    • — 18 Dec, 2014

    Ask the Auditor: Code of Accounting Practice needs a major overhaul

    After six years of leading technical teams providing technical guidance, training and advice to auditors and local authority accountants, Graham is leaving Grant Thornton UK LLP to join Brighton and[…]

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    Graeme Muir: Lies, damned lies, and statistics 0
    • in LGPS
    • — 18 Dec, 2014

    Graeme Muir: Lies, damned lies, and statistics

    Graeme Muir is a partner with Barnett Waddingham. Terry Crossley contributed to the writing of this blog. With the regularity of the Gregorian calendar, Michael Johnson has issued yet again[…]

    Read more
  • Richard Harbord: The difficult year ahead 0
    • in Blogs
    • — 18 Dec, 2014

    Richard Harbord: The difficult year ahead

    2014 was the year when it became apparent that the financial difficulties facing local authorities were only at midpoint at best. It was the year the new pension regulations came[…]

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    Mandy Bretherton: Bleak winter for local government demands new skills in finance 0
    • in Funding
    • — 17 Dec, 2014

    Mandy Bretherton: Bleak winter for local government demands new skills in finance

    Mandy Bretherton is Technical Manager at CIPFA, responsible for Treasury Management and Adult Social Care Panels. By the end of 2014 less than 40% of the government’s fiscal consolidation plan had[…]

    Read more
  • Stephen Sheen: Audit and accounting crystal ball 0
    • in Technical
    • — 17 Dec, 2014

    Stephen Sheen: Audit and accounting crystal ball

    Stephen Sheen is the managing partner of Ichabod’s Industries, a consultancy providing technical support to local government. From an accounts and audit point of view, 2014 was notable for sending[…]

    Read more
    Scale of investment unclear as LGA announces bond agency ‘launch phase’ 0
    • in Treasury
    • — 17 Dec, 2014

    Scale of investment unclear as LGA announces bond agency ‘launch phase’

    A total of 48 councils have now signed up to become investors in the agency, up from 38 who had signed up in September when it was also announced that[…]

    Read more
  • Mark Horsfield: Responding to the new risk landscape 0
    • in Blogs · Treasury
    • — 16 Dec, 2014

    Mark Horsfield: Responding to the new risk landscape

    As part of a series of commentaries by Room151 readers, looking back over 2014 and forward to the year ahead, Mark Horsfield, director of Arlingclose examines the rapidly changing nature of[…]

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    James Bevan: Beneath the surface of declining oil prices 0
    • in James Bevan · LGPS
    • — 15 Dec, 2014

    James Bevan: Beneath the surface of declining oil prices

    The received wisdom is that the recent decline in oil and other commodity prices should provide a boost to global growth by increasing household real incomes in countries such as[…]

    Read more
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    Treasury to restrict PWLB loans to councils at risk of non-repayment: The Treasury has released new guidance that restricts local authorities’ access to Public Works Loan Board (PWLB) advances if there is a “more than negligible risk” of a council’s… dlvr.it/SQhLTV pic.twitter.com/vBsS7xMJdb

    Room151 18 hours ago

    Mixed reaction to proposed government intervention powers: There has been a mixed reaction to the government’s legislative plans to strengthen its intervention powers over local authority finances. The Levelling Up and Regeneration Bill has proposed… dlvr.it/SQhLMB pic.twitter.com/50foWxpPGs

    Room151 19 hours ago

    Post-Brexit struggles for national and local government regulators. @LGAcomms @NAOorguk Click the link below to read 🔻🔻 room151.co.uk/brief/lga-call… #Brexit #government pic.twitter.com/s3c8ySGy5G

    Room151 1 day ago

    CIPFA: a question of transparency: Roman Haluszczak’s campaign for publication of the independent report into the collapse of CIPFA’s London Counter Fraud Hub has been rejected again by the institute. He is now calling for[...] dlvr.it/SQgC5V pic.twitter.com/08fWsHFF4g

    Room151 2 days ago

    Back to the future for the PWLB: The Public Works Loan Board is tightening its lending criteria to ensure that loans will be repaid by local government borrowers. But, asks Peter Findlay, shouldn’t they have been doing[...] dlvr.it/SQcmmm pic.twitter.com/bVv4fe0Xlv

    Room151 2 days ago

    Great piece from Peter Findlay on the PWLB’s tightening of its lending criteria. He raises some pointed questions for the Treasury and explains why the ‘casino council’ characterisation was simplistic and inaccurate. #PWLB #localgov room151.co.uk/treasury/back-…

    Room151 2 days ago

    The Queen's speech highlighted the need for accelerating UK infrastructure investment into levelling up projects and cutting emissions. @UKInfraBank #QueensSpeech #ClimateAction #emissions Click the link below to read 🔻🔻 room151.co.uk/brief/bill-wil… pic.twitter.com/hFmF2veVIa

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    Huge funding heading to the @WestMids_CA from @landg. @andy4wm #LevellingUp #netzero #regeneration Click the link below to read 🔻🔻 room151.co.uk/brief/wmca-sig… pic.twitter.com/ajhZhia6mx

    Room151 2 days ago

    LGPS governance, Cagney and Lacey style: What regulatory response can be expected following the publication of the Good Governance project’s Phase 3 report and the closure of the Single Code of Practice consultation? Susan Black offers[...] dlvr.it/SQbfXf pic.twitter.com/xwqHOEu2AP

    Room151 3 days ago

    More evidence of the importance of emerging markets in the journey to net-zero. @BordertoCoast @BrunelPP @northernlgps @EAPensionFund @WYPF_LGPS Click the link below to read 🔻🔻 #LGPS #NetZero #NetZeroCarbon #EmergingMarkets room151.co.uk/brief/400bn-pe… pic.twitter.com/qCm0EGxzLn

    Room151 1 week 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 1 week 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 1 week ago

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

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