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‘Golden opportunity to turn ship around’ must not be squandered in Spending Review, say London boroughs
London boroughs would welcome deprivation in an updated local authority funding formula – but it must also account for housing costs.
(Shutterstock)
News-in-Brief
£330m overspend on homelessness budgets pushing London boroughs ‘to bankruptcy’
London boroughs are quickly moving “towards bankruptcy” because of the “worsening homelessness emergency”, new analysis has found.
(Cllr Grace Williams)
Roundtable reports
LGPS
Brunel and ACCESS told to merge with other pools
Two Local Government Pension Scheme (LGPS) pools, ACCESS and Brunel, have been instructed by the government not to implement their transition plans—effectively requiring them to merge with another pool, Room151 understands.
(Shutterstock)
Funding
Children’s care spending at ‘all-time high’ as early intervention outlay plummets
Around 1,700 children are referred to children’s social care services every day in England – while council spending on early intervention services has dropped by more than £2bn, or 42%, since 2010/11.
(Shutterstock)
Events
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- Audit debacle: do LAO reforms tackle the roots of the crisis?(28 views)
- Yes Minister: Treasury ‘confident’ LGPS pool’s FCA authorisations can be achieved by March 2026(24 views)
Partner
The main concern going forward is the potential dollarisation amongst locals.
Hermes Investment Management Limited
