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Author: Chris Smith

  • Councillors voice worries about oversight of council-owned energy company 0
    • in 151 News · Resources
    • — 22 Jan, 2020

    Councillors voice worries about oversight of council-owned energy company

    Councillors have raised concerns over the financial scrutiny of Britain’s first council-run energy firm. Conservative opposition members of Nottingham City Council have claimed there is  a lack of independent oversight[…]

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    Forest of Dean quits £50m retail deal 0
    • in 151 News · Treasury
    • — 7 Nov, 2019

    Forest of Dean quits £50m retail deal

    Plans by a Gloucestershire council to invest £50m in a retail development have been abandoned due to the rise in government lending rates. Forest of Dean District Council had been[…]

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  • Thanet reinstates suspended s151 officer 0
    • in 151 News · Jobs · Treasury
    • — 24 Oct, 2019

    Thanet reinstates suspended s151 officer

    Thanet Council has reinstated its section 151 officer following his suspension. Tim Willis, the council’s deputy chief executive, was suspended in August without public explanation by the Kent authority. The[…]

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    Lack of transparency ‘contributed to £11.7m school overspend’ 0
    • in 151 News · Resources
    • — 9 Oct, 2019

    Lack of transparency ‘contributed to £11.7m school overspend’

    Optimism bias and a culture of limited transparency led to an £11.7m overspend on a new academy school in Northamptonshire, according to an internal investigation. A report presented to Northamptonshire[…]

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  • Treasurers cautioned over maturing bonds 0
    • in 151 News · LGPSi · Treasury
    • — 3 Oct, 2019

    Treasurers cautioned over maturing bonds

    The boost from fixed interest funds is likely to decline over coming years, investment manager CCLA has predicted. The analysis followed Room 151’s Treasury Investment Survey which revealed that 5% of local authorities had[…]

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    Northants borrows £110m from PWLB to replace short-term debt 0
    • in 151 News · Treasury
    • — 12 Sep, 2019

    Northants borrows £110m from PWLB to replace short-term debt

    Northamptonshire County Council has borrowed £110m from the Public Works Loan Board to replace short-term borrowing. The council took six loans during August at rates between 1.12% and 1.68% with[…]

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  • Chancellor aims cash boost at social care and SEND services 0
    • in 151 News · Funding
    • — 4 Sep, 2019

    Chancellor aims cash boost at social care and SEND services

    Social care and special needs funding were among the biggest winners in the chancellor’s spending statement. Sajid Javid promised certainty for a new era in his one-year spending statement. But[…]

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    SEND provision set for £700m boost while sector calls for change in policy 0
    • in 151 News · Funding
    • — 3 Sep, 2019

    SEND provision set for £700m boost while sector calls for change in policy

    Special educational services are set for a £700m boost but directors have cautioned money alone isn’t enough. As part of a major spending pledge for primary and secondary education, the[…]

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  • £1bn for high streets ‘not the panacea’ 0
    • in 151 News · Development · Funding
    • — 29 Aug, 2019

    £1bn for high streets ‘not the panacea’

    Councils say they need more help from the government after its £1bn pledge of high street funding. The government announced 50 councils could bid for up to £1bn from the[…]

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    Javid brings forward Spending Review 0
    • in 151 News · Funding
    • — 28 Aug, 2019

    Javid brings forward Spending Review

    Chancellor Sajid Javid has fuelled general election speculation by fast-tracking his spending review. He will deliver his one-year spending plans next week and signalled he would increase funding on voter-friendly[…]

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