What's New?
May 23, 2019
May 23, 2019
May 23, 2019
May 23, 2019
May 23, 2019
Salford City Council has agreed to provide a loan to Manchester Airports Group to help fund terminal improvements at the Manchester and Stansted terminals. The council approved the loan this week, although the total amount to be lent and the means of financing it has yet to be agreed. Both airports are in the process of commencing transformation projects which together comprise approximately £1.5bn of investment.
Councillors ignore officer warning over £1.4m cost of scrapping development plan: An incoming political regime at a Derbyshire council have ignored strong warnings from a senior officer that scrapping an emerging development plan will cost it at least… dlvr.it/R5GCvJ pic.twitter.com/s1WzKe5PSn
Liverpool to reopen housing revenue account: Liverpool City Council is set to reopen its housing revenue account to build new council homes – 11 years after it transferred its remaining stock to a registered provider. In[...] dlvr.it/R5CgV3 pic.twitter.com/bB11lln7N2
Norfolk raises savings target to £40m for next financial year: Norfolk County Council’s cabinet has agreed to increase its savings target to £40m for the 2020-21 financial year – at the same time as backing proposals for a £13.2m new[...] dlvr.it/R5BvJ6 pic.twitter.com/fQlGmt0Wmj
Court ruling ‘could lead to 1% rise in LGPS liabilities’: Local Government Pension Scheme funds are likely to face an increase in their liabilities of up to 1% if the government loses a court case on its 2015 pension reforms,[...] dlvr.it/R57nGY pic.twitter.com/tchSvVzWHh
Businesses failing on LEP match funding, MPs told: Private sector firms are not matching public sector funding for local regeneration, senior civil servants have admitted. Two senior civil servants at the Ministry of Housing, Communities and Local… dlvr.it/R56Zgk pic.twitter.com/qBFol2eoiz
LGPS “still overweight” in equities despite record yearly reduction: 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… dlvr.it/R4qZnn pic.twitter.com/FMDBBTZ5Yl
CIPFA chief calls for ministers to lose Fair Funding Review role: 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 for Public Finance and… dlvr.it/R4pyMZ pic.twitter.com/5zyskKdxfV
Spending watchdog probes council borrowing for property investment: The National Audit Office is investigating the growing trend of councils borrowing from the Public Works Loan Board to fund property investment, it has been revealed. The probe was… dlvr.it/R4lpKX pic.twitter.com/IQE8pEljHX
Troubled Northamptonshire makes ‘unprecedented’ in-year turnaround: Northamptonshire County Council has turned a projected overspend of more than £30m for 2018-19 into a budget surplus of £1m in a turnaround described by the authority’s executive… dlvr.it/R4l99p pic.twitter.com/4Xuf88q3FO
Extinction Rebellion protestors halt Sunak speech to call for LGPS fossil fuel divestment: Extinction Rebellion protesters yesterday derailed a speech by local government minister Rishi Sunak to demand he gives council pension funds greater powers to… dlvr.it/R4l94C pic.twitter.com/VCTqocjS1P
We got a nice thing through the mail! room151.co.uk/brief/#the-ind… #localgov #treasurer #independence @CIPFA @RobWhiteman Enjoy, and thanks to David Jones for getting in touch.
Spending Review set to outline ‘transition’ towards national tax devolution: 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.… dlvr.it/R4N4ds pic.twitter.com/Ym1pM3cMY9
Low reserves aggravate Hertfordshire £90m funding gap: Hertfordshire County Council is facing a funding gap set to grow to £90m in four years’ time, with plans in place expected to account for half of the shortfall, according[...] dlvr.it/R4MVT1 pic.twitter.com/2NH5tjVr7W
Boosted s151 officer role ‘significantly improves’ LEP transparency: The National Audit Office has reported a significant improvement in the financial transparency of England’s Local Enterprise Partnerships (LEPs) after section 151 officers were given… dlvr.it/R4MVMY
Barclays’ court submission denies councils’ LOBO fraud claim: 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… dlvr.it/R4HltN pic.twitter.com/xBVU3ek7fB
Hackney to tackle fuel poverty with clean energy company: Hackney Council has earmarked £150,000 as start-up costs for a council-run energy company to tackle the fuel poverty of almost 10,000 households in the borough. The council’s cabinet this week[...] dlvr.it/R3xKbq pic.twitter.com/AABSc8rFuo
Super night courtesy of @CIPFA at The #pfawards19 last night. Thanks to the organisers and congratulations to all the winners! room151.co.uk/151-news/cipfa… #localgov
CIPFA stars shine at awards: The brightest and best in public finance have been recognised at a top awards ceremony. The annual Public Finance Awards saw Bromley Council take the top spot for its work[...] dlvr.it/R3v0HL
