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,[…]
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[…]
Insights and inspiration from LGPS leaders past and present
Four current and former LGPS leaders have recently given powerful and insightful interviews as part of the Fiftyfaces podcast, which showcases inspiring investors and their stories. Hosted by Aoifinn Devitt,[…]
Rate rise represents ‘fastest increase in borrowing costs in 25 years’
Partner Content: CCLA Investment Management’s Robert Evans analyses the rationale for the Bank of England’s latest rise in the Official Bank Rate and assesses the likely outcome of the next[…]
In praise of the Liability Benchmark
Jackie Shute responds to recent criticisms of the framework used to plan the future borrowing requirements of a local authority. I’m not suggesting that this debate will have the same[…]
Room151 launches survey on IFRS 9 override and MRP impact
Room151 has launched a survey to gauge the sentiment in local government on two important issues: the IFRS 9 statutory override and the consultation on Minimum Revenue Provision (MRP). The[…]
Abolition of section 106 agreements ‘threat to local prioritisation’
A leading figure in the housing sector has expressed concern at the potential abolition of section 106 agreements in favour of an infrastructure levy. Claire Kober, managing director for homes[…]
PFI exit – the seven-year itch
There are around 200 PFI contracts currently managed by local authorities in England, and a good number of these will be within seven years of completion. Amardeep Gill and Lucy[…]
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[…]
Liability benchmark ‘should not be mandatory’
Treasury managers attending Room151’s latest Monthly Online Treasury Briefing (MOTB) have strongly indicated that the liability benchmark should be a voluntary rather than a mandatory tool. It is now mandatory[…]
