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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

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Author: Colin Marrs

  • Council audit fees set to be frozen amid increasing pressures on firms 1
    • in 151 News · Technical
    • — 20 Feb, 2020

    Council audit fees set to be frozen amid increasing pressures on firms

    The fees council pay for their external audits are set to be frozen for the second year running despite increasing cost pressures on audit firms, according to the body responsible[…]

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    ‘Dangerously low’ reserve levels prompt 8% rates rise 0
    • in 151 News · Resources · Treasury
    • — 20 Feb, 2020

    ‘Dangerously low’ reserve levels prompt 8% rates rise

    A Northern Ireland council has voted to increase its domestic rate bills by almost 8% after being told by the Chartered Institute of Public Finance and Accountancy (CIPFA) that its[…]

    Read more
  • EXCLUSIVE: Bonds agency goes to market with £350m inaugural bond 0
    • in 151 News · Funding · Treasury
    • — 14 Feb, 2020

    EXCLUSIVE: Bonds agency goes to market with £350m inaugural bond

    The UK Municipal Bonds Agency (UKMBA) today launched its long-awaited first bond into the market, ending a six-year wait. In January, Room 151 broke the news that the UKMBA was[…]

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    NAO: Councils’ commercial property activity raises questions over prudential framework 0
    • in 151 News · Funding · Resources
    • — 13 Feb, 2020

    NAO: Councils’ commercial property activity raises questions over prudential framework

    The government’s spending watchdog has urged the government to review the regime governing councils’ capital spending, concluding that their activity in the commercial property market raises questions about whether it[…]

    Read more
  • Shared service venture to create “finance academy” for managers 0
    • in 151 News · Resources · Technical · Treasury
    • — 11 Feb, 2020

    Shared service venture to create “finance academy” for managers

    A back office shared services initiative run by three London councils is to create a “finance academy” to improve budget management and financial control. The move is being made as[…]

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    County warns of ‘predatory’ loan offers following PWLB rate rise 0
    • in 151 News · Treasury
    • — 5 Feb, 2020

    County warns of ‘predatory’ loan offers following PWLB rate rise

    A county council has warned of “predatory” lenders circling the local government sector in the wake of the government’s decision to raise the Public Works Loan Board (PWLB) interest rate.[…]

    Read more
  • Northamptonshire set to underspend again despite children’s services pressures 0
    • in 151 News · Resources · Treasury
    • — 4 Feb, 2020

    Northamptonshire set to underspend again despite children’s services pressures

    Northamptonshire County Council is on track to underspend on its 2019/20 budget, despite a predicted overspend of £7.5m on children’s services. In August, Room 151 reported that the authority faced[…]

    Read more
    Scottish minister slams Treasury over ‘grin and bear it’ PWLB rate response 0
    • in 151 News · Development · Treasury
    • — 3 Feb, 2020

    Scottish minister slams Treasury over ‘grin and bear it’ PWLB rate response

    The Scottish finance minister has launched a stinging attack on the UK Treasury over their response to two letters she sent them voicing concerns over the impact on Scottish infrastructure[…]

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  • Pension bodies team up to create London housing and infrastructure investment super-fund 0
    • in 151 News · LGPS
    • — 30 Jan, 2020

    Pension bodies team up to create London housing and infrastructure investment super-fund

    Three London local government pension bodies have announced plans for a new fund worth hundreds of millions of pounds, focused on housing and infrastructure investment. Subscribe for FREE to the[…]

    Read more
    Council forced to raid reserves for £863,000 following successful Amazon business rates appeal 0
    • in 151 News · Resources · Treasury
    • — 30 Jan, 2020

    Council forced to raid reserves for £863,000 following successful Amazon business rates appeal

    A successful business rates appeal by online retailer Amazon has left a Staffordshire council needing to take £863,000 from reserves to balance its budget this year. Late last year, the[…]

    Read more
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    Room151 1 day 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 2 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 2 days ago

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

    Room151 3 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 3 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 4 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 5 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 5 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 5 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

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