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Room 151

  • 151 BRIEF

    What's New?

  • LGA calls for more government funding to support vulnerable children

    May 23, 2022

  • Inflation ‘biggest concern for LGPS professionals’

    May 20, 2022

  • LGA calls for government support as regulators face staffing issues

    May 19, 2022

  • WMCA signs £4bn investment agreement with L&G

    May 18, 2022

  • Bill will give UK Infrastructure Bank power to lend directly to councils

    May 18, 2022

  • £400bn pension group collaborates on climate transition initiative

    May 17, 2022

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Funding

  • 0
    • in 151 News · Funding
    • — 19 May, 2022

    Treasury to restrict PWLB loans to councils at risk of non-repayment

    The Treasury has released new guidance that restricts local authorities’ ability to borrow from the Public Works Loan Board (PWLB) if there is a “more than negligible risk” of a[…]

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    0
    • in Funding · Treasury
    • — 18 May, 2022

    Back to the future for the PWLB

    The Public Works Loan Board is tightening its lending criteria to ensure that loans will be repaid by local government borrowers. But, asks Peter Findlay, shouldn’t it have been doing[…]

    Read more
  • 0
    • in Funding · Housing · Treasury
    • — 12 May, 2022

    Bags of capacity – now to housing delivery

    HRAs have been freed up and councils are starting to invest, but some remain cautious, writes Steve Partridge. He suggests that a minimum of £10bn of additional borrowing could be[…]

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    1
    • in Funding
    • — 11 May, 2022

    To Michael Gove: a modest proposal

    Conrad Hall has written an open letter to the levelling up secretary suggesting an unusual (and tongue-in-cheek) proposal to help councils predict next year’s government grant. Dear Secretary of State,[…]

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  • 0
    • in Business rates · Funding · Housing · Levelling up
    • — 11 May, 2022

    Queen’s Speech: an ambitious plan hampered by omissions

    Richard Harbord examines the impact of the government’s legislative proposals on councils, and concludes that local authorities expect and need more from central government. However you view the parliamentary programme[…]

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    0
    • in Funding · Treasury
    • — 3 May, 2022

    Warrington’s credit rating downgraded by Moody’s

    Warrington Borough Council has seen its credit rating downgraded by Moody’s Investors Service partly due to its high reliance on commercial income. Moody’s downgraded Warrington’s long-term issuer rating and senior[…]

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  • 0
    • in Blogs · Development · Funding · Housing · Infrastructure
    • — 21 Apr, 2022

    Don’t expect an infrastructure levy any time soon

    The government plans to axe section 106 agreements in favour of an infrastructure levy, but Richard Harbord warns that consultation paralysis, levelling-up concerns and developer opposition could block any progress.[…]

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    0
    • in Blogs · Funding · Social care
    • — 13 Apr, 2022

    Time to pause adult social care proposals

    Proposed government reforms to adult social care will place huge additional burdens on local authorities with significantly increased costs. Leigh Whitehouse discusses the forecast impact at Surrey County Council and[…]

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  • 0
    • in 151 News · Development · Funding · Housing
    • — 12 Apr, 2022

    Cornwall’s housing crisis: planning and tax reforms ‘urgently required’

    The section 151 officer at Cornwall Council has called on the government to implement reforms to planning and tax rules to help local authorities urgently respond to the housing crisis.[…]

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    0
    • in Blogs · Business rates · Council tax · Funding · Social care
    • — 6 Apr, 2022

    Fairer funding – will the wait be worth it?

    Chris Buss says that any review of local government finance must address social care, business rates and council tax, but the danger is that these are just too difficult to[…]

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    Room151 3 days ago

    2022 LGPS valuations: difficult discussions in uncertain times: Michelle Doman looks at the impact of inflationary pressures, the war in Ukraine, climate risk and Covid-19 on employer contributions. At the start of 2022, for Local Government Pension… dlvr.it/SQlvy9 pic.twitter.com/Dd0lrHjWNb

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    Room151 4 days ago

    Treasury to restrict PWLB loans to councils at risk of non-repayment: The Treasury has released new guidance that restricts local authorities’ access to Public Works Loan Board (PWLB) advances if there is a “more than negligible risk” of a council’s… dlvr.it/SQhLTV pic.twitter.com/vBsS7xMJdb

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    Post-Brexit struggles for national and local government regulators. @LGAcomms @NAOorguk Click the link below to read 🔻🔻 room151.co.uk/brief/lga-call… #Brexit #government pic.twitter.com/s3c8ySGy5G

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    Room151 5 days ago

    Back to the future for the PWLB: The Public Works Loan Board is tightening its lending criteria to ensure that loans will be repaid by local government borrowers. But, asks Peter Findlay, shouldn’t they have been doing[...] dlvr.it/SQcmmm pic.twitter.com/bVv4fe0Xlv

    Room151 5 days ago

    Great piece from Peter Findlay on the PWLB’s tightening of its lending criteria. He raises some pointed questions for the Treasury and explains why the ‘casino council’ characterisation was simplistic and inaccurate. #PWLB #localgov room151.co.uk/treasury/back-…

    Room151 5 days ago

    The Queen's speech highlighted the need for accelerating UK infrastructure investment into levelling up projects and cutting emissions. @UKInfraBank #QueensSpeech #ClimateAction #emissions Click the link below to read 🔻🔻 room151.co.uk/brief/bill-wil… pic.twitter.com/hFmF2veVIa

    Room151 5 days ago

    Huge funding heading to the @WestMids_CA from @landg. @andy4wm #LevellingUp #netzero #regeneration Click the link below to read 🔻🔻 room151.co.uk/brief/wmca-sig… pic.twitter.com/ajhZhia6mx

    Room151 5 days ago

    LGPS governance, Cagney and Lacey style: What regulatory response can be expected following the publication of the Good Governance project’s Phase 3 report and the closure of the Single Code of Practice consultation? Susan Black offers[...] dlvr.it/SQbfXf pic.twitter.com/xwqHOEu2AP

    Room151 6 days ago

    More evidence of the importance of emerging markets in the journey to net-zero. @BordertoCoast @BrunelPP @northernlgps @EAPensionFund @WYPF_LGPS Click the link below to read 🔻🔻 #LGPS #NetZero #NetZeroCarbon #EmergingMarkets room151.co.uk/brief/400bn-pe… pic.twitter.com/qCm0EGxzLn

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