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Room 151

  • 151 BRIEF

    What's New?

  • 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

  • CIPFA rejects proposal for vote on publication of fraud hub report

    May 17, 2022

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Technical

  • 1
    • in Blogs · Stephen Sheen · Technical
    • — 4 Nov, 2021

    Audit improves but problems and uncertainties remain

    The regulator has reported revealing improvements in local government audit but key issues remain unresolved, writes Stephen Sheen. At the end of October, the Financial Reporting Council (FRC) released its[…]

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    1
    • in Blogs · Stephen Sheen · Technical
    • — 1 Sep, 2021

    Crisis in local audit unlikely to be solved by coming reforms

    Local authority audit is changing but, Stephen Sheen argues, 100% private sector provision is unlikely to be “viable” while the underlying problem is difficulty recruiting for “soul destroying” work. At[…]

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  • 0
    • in Blogs · Resources · Technical
    • — 17 Aug, 2021

    What’s the benefit of using the PSAA?

    Conrad Hall examines the case for councils to undertake their own audit procurement instead of sticking with Public Sector Audit Appointments. To PSAA or not to PSAA: That is, if[…]

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    0
    • in Blogs · Technical
    • — 3 Aug, 2021

    Council auditors are in ‘shackles’ and need to be released

    Rebecca Keene writes that local government audit has become distracted by valuations and cash flow projections. As we reach the end of July and what would be, pre-pandemic, the deadline[…]

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  • 0
    • in Blogs · Technical
    • — 15 Jul, 2021

    MPs demand “urgent” action to repair local government audit

    Members on the public accounts committee say the audit market is at risk of collapse while the system is close to “breaking point”. Audit of councils has long been a[…]

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    0
    • in Blogs · Funding · Technical
    • — 23 Jun, 2021

    Does local government need a new red flag system to signal looming financial crisis?

    Andrew Hardingham examines calls for a new early warning system for section 114s notices and finds there are already many mechanisms in place, if only they were used properly and[…]

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  • 0
    • in Blogs · Resources · Technical
    • — 27 May, 2021

    Local authorities need to ‘invest in finance teams’

    Reforms means local government will soon see a new audit regulator but, writes Alison Ring, investing in local government finance teams and better reporting are priorities too. The government’s decision[…]

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    0
    • in Funding · Technical
    • — 10 May, 2021

    Richard Harbord: September accounts sign-off a ‘fantasy’ at many councils

    Deadline slips as auditors and finance grapple with remote working and valuations. Being a section 151 officer in a local authority is absolutely the best job there could possibly be.[…]

    Read more
  • 0
    • in Funding · Technical · Treasury
    • — 7 May, 2021

    Impact Awards: Finance teams are the heart of ‘better outcomes and resilient’ place settings

    Sponsored article: Laura Bridges celebrates finance teams for everything from their work on the post-Covid recovery to delivering affordable homes and innovating in the face of austerity. We are thrilled[…]

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    Helen Randall: Spelthorne report places spotlight on ‘controls’ 0
    • in Blogs · Technical
    • — 25 Feb, 2021

    Helen Randall: Spelthorne report places spotlight on ‘controls’

    Fresh criticism of Spelthorne Council raises the question of what “good” controls look like when negotiating a property deal. Spelthorne Council’s continuing debacle over property investments resulted this month in[…]

    Read more
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    Room151 3 hours 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

    Room151 6 hours ago

    Investing today: nowhere to hide: Partner Content: Alex Stanley from Ardea Investment Management suggests that investors have few places to hide amid a synchronised sell-off in both bonds and equities. However, there are catalysts that[...] dlvr.it/SQlNVC pic.twitter.com/KkGGnduzPL

    Room151 1 day 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

    Room151 1 day ago

    Mixed reaction to proposed government intervention powers: There has been a mixed reaction to the government’s legislative plans to strengthen its intervention powers over local authority finances. The Levelling Up and Regeneration Bill has proposed… dlvr.it/SQhLMB pic.twitter.com/50foWxpPGs

    Room151 1 day ago

    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

    Room151 1 day ago

    CIPFA: a question of transparency: Roman Haluszczak’s campaign for publication of the independent report into the collapse of CIPFA’s London Counter Fraud Hub has been rejected again by the institute. He is now calling for[...] dlvr.it/SQgC5V pic.twitter.com/08fWsHFF4g

    Room151 2 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 2 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 2 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 2 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 2 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 3 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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