David Green: Consultations risk an Unhappy New Year for treasury managers
2017 has been a year of preparing for regulatory change. Many of the changes to the global financial system designed to prevent a repeat of the 2008 financial crisis will[…]
Yearly Archive: 2017
News Roundup: Settlement leads to ‘grave concerns’, auditing report, LGPS funds buy into Anglian Water, procurement framework saves £88m
Funding of social care a “grave concern” Continued reliance on the council tax precept to plug the gap in funding for adult social care is a “grave concern”, according to[…]
James Goudie, QC: Council commercial investments and treasury management
Revised investment guidance gives local authorities a “green light for prudent commercial investments”, including investments in commercial property, writes James Goudie, QC. Local authorities in England now have power potentially[…]
Agent151: Review of 2017-Brexit, social care, disappointing budgets, Grenfell
Councils started 2017 with increasing costs and diminishing funding and ended it with worse pressures and no financial relief. The year was overshadowed by two events: Brexit and Grenfell Tower.[…]
Business rates and council tax offerings in Javid settlement get mixed reception
A new system for funding local government will be introduced by 2020-21, according to a statement from the communities secretary Sajid Javid. On the same day as publishing the local[…]
Grenfell recovery prompts Kensington and Chelsea to raise borrowing limit by almost £400m
Kensington and Chelsea Council has raised its borrowing limits by almost £400m, which will be spent if required, as the response to the Grenfell Tower tragedy continues to gather pace.[…]
Graham Liddell: Local government faces an ‘Uber moment’ if it fails to embrace technology
Local government is at the threshold of a new era in which it needs to embrace new technology, argues Graham Liddle. The way forward is to welcome change, focus on[…]
News Roundup: LGPS hedge fund holdings, Newham housing scheme, Right to Buy threat
LGPS funds increase hedge fund holdings Investment in hedge funds by the UK’s 10 biggest Local Government Pension Scheme funds has risen by a third to £2.2bn in the year[…]
Government faces call to slow the pace of funding cuts while business rates retention is resolved
Delays to introducing 100% business rates retention mean government must take urgent steps in the forthcoming local government settlement to stop councils facing financial breaking point, according to the Local[…]
Q&A: Jason Fletcher of LGPS Central on understanding investment management costs
Jason Fletcher, chief investment officer at LGPS Central talks to Room151 about full cost transparency and why pools can’t accurately measure their impact unless they establish the true picture of[…]
