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Housing will this year displace highways and transport as the largest area of council capital spending – following the lifting of the housing revenue account borrowing cap. The government this[…]
Croydon Council this week agreed to sell another 61 development sites to its wholly-owned housing company – Room151 explores the sums.
Cabinet members at Norfolk County Council have approved the creation of an investment fund in a move timed to allow access to European Union money before the UK completes Brexit.[…]
Portsmouth City Council is set to tweak its treasury management rules to borrow an additional £70m towards the purchase of the city’s main office park. However the figure is only[…]
LGPS pool London Collective Investment Vehicle (LCIV) has appointed Mark Thompson as its new chief investment officer (CIO). Thompson joins from HSBC Bank’s UK pension scheme, where he has been[…]
More than 100 council finance officers have already signed up for Room151’s annual conference – set to be held just weeks before the UK’s departure from the European Union. The[…]
Total useable revenue reserves (URRs) in upper tier authorities increased by 6% last year, according to early analysis of final outturn reports. Data analysis firm Pixel Financial Resilience has compiled[…]
A South West council has reported a dramatic turnaround in its 2018/19 finances after a series of in-year measures turned a projected overspend of £12.1m for the last financial year[…]
A number of councils have complained after the BBC last week named them as at risk of running out of reserves. In December, the Chartered Institute of Public Finance and[…]
A major equity fund suspended trading on Monday after Kent Pension Fund decided to withdraw its £263m investment. Kent’s superannuation fund committee voted on Friday morning to withdraw from the[…]
