What's New?
Michael Gove has announced that councils will receive a two-year financial settlement from next year to provide authorities with “financial certainty” and allow them to plan ahead. The secretary of[…]
Slough Borough Council has approved plans to restructure its finance department to enhance capacity and capability and to address a “significant weakness” in the function. The local authority has been[…]
The CEO at the London CIV pension pool has called for progress on pooling the assets of the Local Government Pension Scheme (LGPS) to accelerate. Mike O’Donnell told Room151: “The[…]
The government has welcomed a devolution bid by four local authorities in Derbyshire and Nottinghamshire to form an East Midlands Mayoral Combined Authority. Neil O’Brien, parliamentary under secretary of state[…]
The head of pensions at the Local Government Association has expressed concern over members opting out of the Local Government Pension Scheme (LGPS) due to the rise in inflation and[…]
The government’s proposed strengthening of its intervention powers and new guidance to limit borrowing from the Public Works Loan Board (PWLB) are “credit positive” for the local government sector, according[…]
Housing association Optivo has agreed a £73m revolving credit facility (RCF) with nine unnamed local authorities to support the provision of social housing. Optivo, which has a funding portfolio of[…]
The Treasury has released new guidance that restricts local authorities’ ability to borrow from the Public Works Loan Board (PWLB) if there is a “more than negligible risk” of a[…]
