What's New?
Local Government Pension Scheme investments in equities dropped by 3.2% in 2017/18 as overall assets rose by 5% compared to the previous year to £275bn, according to the Scheme Advisory[…]
Future versions of the Fair Funding Review should be carried out by an independent body, according to Rob Whiteman, chief executive of the Chartered Institute of Public Finance and Accountancy.[…]
The National Audit Office is investigating the growing trend of councils borrowing from the Public Works Loan Board to fund property investment, it has emerged. The probe was revealed by[…]
Extinction Rebellion protesters this week derailed a speech by local government minister Rishi Sunak to demand he gives council pension funds greater powers to disinvest from fossil fuel companies. Evading[…]
Eastleigh Borough Council has repaid £300m of short-term borrowing from other local authorities, using Public Works Loan Board cash. The council has repaid the cash, which makes up around three[…]
The forthcoming Spending Review is set to pave the way for the devolution of some national taxes to local government, according to chief secretary to the Treasury, Liz Truss. Speaking[…]
Barclays has denied fraudulently entering a number of Lender Option Borrower Option (LOBO) loans with councils, in court documents seen by Room151. In February, a group of seven councils lodged[…]
Chancellor Philip Hammond has rejected the Local Government Association’s (LGA) estimate of the scale of what he described as the “so-called funding gap” faced by local authorities. In February, the[…]
A district council has dropped plans for a joint finance function with a neighbour amid concerns over whether shared services are achieving value for money. In 2015, South Cambridgeshire District[…]
Investment manager CCLA has announced the successor to current chief executive Michael Quicke, who is to step down from July. CCLA, which currently manages £1.8bn of local authority cash across[…]
