What's New?
July 18, 2019
July 18, 2019
July 18, 2019
July 18, 2019
LGPS funds have more than £1.7bn invested directly with tobacco companies, according to a report in The Guardian.
The paper used Freedom of Information requests to obtain the data, which also showed a further £1.1bn invested through pooled funds.
West Yorkshire Pension Fund had the highest amount directly invested, with £284m in tobacco shares.
40bps off PWLB Standard Rate for infrastructure loans 7 Dec, 2012 
JOB ALERT: Enfield Council – Finance Manager, Capital and Projects Team 6 Apr, 2017 
Chancellor’s funding figures challenged as Revenue Support Grant tapers away 26 Nov, 2015 
James Bevan: The ECB’s next choice for QE and rates 16 Feb, 2016 
CIPFA reviews transparency of local government accounts: The Chartered Institute of Public Finance and Accountancy is seeking to identify the barriers to the public accessing and understanding local authority accounts. The body has launched a… dlvr.it/R8dfkz pic.twitter.com/7vW8X0tcf7
Councils need cash and certainty, LGIU warns: The next prime minister should make an emergency finance settlement with councils to stave off crisis, a think tank has warned. Councils urgently need clarity from whoever replaces Theresa May[...] dlvr.it/R8dfk8 pic.twitter.com/AWlIC7fekB
Border to Coast launches infrastructure and private equity sub-funds: LGPS pool Border to Coast has launched private equity and infrastructure investment opportunities, with commitments of more than £1bn from its member funds. The pool has announced the… dlvr.it/R8ZgvJ pic.twitter.com/royLbp8cfV
HRA lift isn’t magic fix for housebuilding, say councils: Local authorities say the decision to lift the cap on the Housing Revenue Account isn’t enough for them to deliver on the scale needed to end the housing crisis. According[...] dlvr.it/R8RdSj pic.twitter.com/rtUAidlcQz
Audit review raises prospect of new transparency rules for s151s: A review of local government audit announced by the government this week will consider new measures to give the public better access to financial information produced by section 151… dlvr.it/R8D1Hj pic.twitter.com/3GMmnwPjzx
Councils vow to fight £2.35bn business-rates court challenge: The Local Government Association (LGA) will support 45 councils defending a challenge to business rates levied on NHS hospital properties that could see £2.35bn clawed back and set a… dlvr.it/R8CQfr pic.twitter.com/9pKze2sToM
CIPFA backs alternative tool for measuring councils’ financial resilience: Another model aimed at measuring the financial sustainability of councils has joined a crowded field, with the claim that more than a third of councils are at risk of failure[...] dlvr.it/R84tX0
‘Core offer’ not enough to reduce county’s budget gap: A county council which last year decided to cut its service provision to a bare minimum says it will still run out of money without extra funding from central government.[...] dlvr.it/R84tSg pic.twitter.com/MLKbpy66vv
LGPS pool announces resignation of chief executive: The chief executive of LGPS pool Brunel Pension Partnership has quit her role, citing the need for a “different style of leadership”. In an announcement today, Brunel announced that Dawn[...] dlvr.it/R7t0yx pic.twitter.com/fzgE8YpEOm
The future for outsourcing after Barnet formula cracks: Barnet has signalled its outsourcing revolution is being reduced. But is this the return of council provision? Internal reviews are rarely news but the announcement by London Borough of Barnet[...] dlvr.it/R7pnv7 pic.twitter.com/TlXUcf71vQ
Councils reveal fears over funding for services: Almost a fifth of councils lack confidence that they will realise all of the savings identified in their 2019/20 budgets, according to a survey by the Local Government Association (LGA).[...] dlvr.it/R7j6Hh pic.twitter.com/q75AAtIv0q
The early bird registration is open for the 2nd Housing & Regeneration Finance Summit, Oct 31st, County Hall. #localgov #finance #regeneration #housing socialhousing.co.uk/regeneration-s…
Councils budget for rise in social service spending: Total revenue spending on services by all English local authorities is budgeted to rise 3.4% in 2019/20, with spending on children’s social care set to rise by more than 6%.[...] dlvr.it/R7gCVh pic.twitter.com/JJbDk5cV7M
LGPS faces cost uncertainty after Supreme Court upholds McCloud ruling: Local Government Pension Schemes (LGPSs) face ongoing uncertainty over compensation costs after the Supreme Court ruled last week that 2015 changes to the public sector pensions had… dlvr.it/R7cL1p pic.twitter.com/wZVsefPhaV
Commercial activity given greater prominence in draft CIPFA code: CIPFA has amended its draft Financial Management Code for local authorities to give commercial activity greater prominence. The body has amended the proposals to recognise the importance… dlvr.it/R7cKyg
Services set to suffer as adult social care spending share drops: The proportion of council budgets spent on adult social care is set to drop this year for the first time since 2010 – with councils likely to cut services due[...] dlvr.it/R7NFXd pic.twitter.com/4EdBbio20R
Council predicts £5.5m budget overspend after a single month: A Midlands council is predicting a £5.5m overspend on its 2019/20 budget – just one month into the financial year. In a report to Peterborough City Council’s cabinet, Peter Carpenter,[...] dlvr.it/R7MhyX pic.twitter.com/PqP2DAlivM
