LATIF/FDs’ Summit ‘on course to be biggest yet’
Room151’s flagship event – the Local Authority Treasurers Investment Forum (LATIF) and FDs’ Summit – is on course to be the biggest yet, with more than 200 delegates expected. Combining[…]
Treasury
Changes to rules on capital receipts raise wider questions
Stephen Kitching argues that DLUHC’s latest rule changes are part of a series following on from revisions to MRP guidance and the purchase of commercial property. He questions whether councils[…]
‘No ifs, no buts’: the Bank of England continues its battle with inflation
Partner Content: CCLA Investment Management’s Robert Evans discusses the MPC’s 0.5% increase in the Official Bank Rate and its ongoing commitment to the 2% inflation target despite forecasts that the[…]
DLUHC changes rules on flexible use of capital receipts
The levelling up secretary has written to all council leaders to amend the rules concerning the flexible use of capital receipts to fund transformation projects. In his letter, Greg Clark[…]
Conrad Hall: ‘more sophisticated’ regulation needed for local government
The chair of the CIPFA/LASAAC Code Board has questioned the sophistication of financial regulation in local government and the continuing focus of the Department for Levelling Up, Housing and Communities[…]
MRP on capital loans: a step in the right direction
David Green says the latest government proposals on Minimum Revenue Provision should be welcomed by local authorities. There are still some unintended consequences, but the suggested approach for capital loans[…]
MRP U-turn welcomed but ‘unintended consequences remain’
Local authority finance directors and treasury advisers have welcomed the government’s revised Minimum Revenue Provision (MRP) proposals, while pointing out that some unintended consequences still remain. The government’s previous proposals[…]
New intervention powers and borrowing restrictions ‘credit positive’, says Moody’s
The government’s proposed strengthening of its intervention powers and new guidance to limit borrowing from the Public Works Loan Board (PWLB) are “credit positive” for the local government sector, according[…]
Optivo agrees £73m borrowing deal with nine councils
Housing association Optivo has agreed a £73m revolving credit facility (RCF) with nine unnamed local authorities to support the provision of social housing. Optivo, which has a funding portfolio of[…]
MOTB speakers and attendees call for permanent IFRS 9 override
Attendees at Room151’s Monthly Online Treasury Briefing (MOTB) have again demonstrated a strong preference for the IFRS 9 statutory override to be made permanent. A poll on the MOTB session[…]
