What's New?
August 22, 2019
August 22, 2019
August 22, 2019
August 22, 2019
August 22, 2019
August 21, 2019
The capital has been given the go-ahead for a business rates pool which will allow it to retain 100% of business rates income growth. The pool will begin next year and is expected to be worth around £240m during the year. Mayor Sadiq Khan welcomed the move but said he would continue to lobby for further financial powers for the capital. Other new pilots are set to be announced after an assessment by DCLG.
Councils urged to protect themselves against money laundering: The Chartered Institute of Public Finance and Accountancy (CIPFA) has urged councils to ensure they have the right procedures in place to protect against sophisticated financial crime. Last… dlvr.it/RBhWXb pic.twitter.com/ZhHO5TaGuv
Council reserves rise to record levels: Non-ringfenced revenue reserves held by councils rose by 8.7% to reach a total of 23.7bn during 2018/19 last year, according to official figures. The Ministry of Housing, Communities and Local[...] dlvr.it/RBhWWf pic.twitter.com/y6pIVQ79oh
MPs: Government must consider alternative to “risky” business rates retention: The system of business rates retention needs cannot survive in the long-term without significant reform and the consideration of alternatives due to changes in the economy,… dlvr.it/RBcS6R pic.twitter.com/usTImPGYAr
Four authorities share £624m housing infrastructure boost: Three councils and the Greater London Authority have each been awarded funding ranging from £80m to £318m to deliver infrastructure projects in support of new homes. Chancellor Sajid Javid… dlvr.it/RBcS11 pic.twitter.com/OMqUzhmOgz
Questions raised over LGPS pools’ equity investment strategies: A number of LGPS pools’ equity strategies are inconsistent with the aggressive outperformance targets they have set, according to an influential report into the sector. This year’s Local… dlvr.it/RBY3PT pic.twitter.com/4VQBuzVLZR
Housing & Regeneration Finance Summit, October 31, County Hall room151.co.uk/wp-content/upl… #housing #regeneration #localgov
Northants faces ‘significant challenge’ to deal with new £35m budget gap: Northamptonshire County Council faces a fresh financial crisis after a £34.9m budget gap for 2020/21 opened up. A review of the council’s medium term financial plan (MTFP)… dlvr.it/RBHSdF pic.twitter.com/eyfwlyYWu9
Councils warn of uncertainty following one-year settlement decision: Councils have warned they need certainty about funding reforms and revenue, following the chancellor’s decision to hold a one-year funding review. Local authorities called for funding… dlvr.it/RBDHtm
Auditors and PSAA slammed after jump in accounts deadline failures: Auditors scrutinising local authority accounts and the body responsible for appointing them have come under fire after new figures showed 40% of audit opinions missed the target date of… dlvr.it/RBClTv
Friends in #HACKNEY Vegan restaurant, Lele's (next to Dalston CLR James Library in the square) is doing #FREEcoffee from 10-2 today ... and they do a very good coffee!
Mighty fine praise from @sjeffrey01 Many thanks! twitter.com/sjeffrey01/sta…
Finance staff ‘inexperience’ contributed to error-ridden council accounts, say auditors: Auditors have issued a qualified adverse opinion on Reading Borough Council’s 2016/17 accounts – almost two years late due to a litany of problems. In a stinging… dlvr.it/RB6D1x pic.twitter.com/5sb7IUu3xE
One-year settlement decision ‘threatens Fair Funding Review’: The government’s decision to push ahead with a one-year Spending Review has prompted alarm from local government experts that it could force a delay in the implementation of the Fair[...] dlvr.it/R9ybZK pic.twitter.com/gLkoR9RsAe
Bonds agency seeks outsourced solution to achieve first bond launch: The Municipal Bonds Agency is set to outsource its management and operations to an external provider in a bid to get its first bond issue off the ground. The agency,[...] dlvr.it/R9vJ3S pic.twitter.com/fRgJ4WViin
Tough times ahead for Northamptonshire’s new s151: Northamptonshire County Council has announced the appointment of its fourth finance director in two years. The council this week revealed its finances are improving but confirmed the key figure… dlvr.it/R9qvC8 pic.twitter.com/Kys7lNQwGQ
Warrington warned over MRP approach ‘risk’: Warrington Borough Council has been warned that its approach to calculating its minimum revenue provision (MRP) could present a threat to delivery of its medium term financial plan (MTFP). The[...] dlvr.it/R9qvBx
Minister warned against meaningless local government finance review: The chief executive of the Chartered Institute of Public Finance and Accountancy has written to the new local government secretary not to review local government finance “unless you… dlvr.it/R9qLG6 pic.twitter.com/l1ZxMX2T8N
