Other issues in local government finance

A wide range of issues impact on operational local government finance. The LGA monitors policy developments to assess their effects on local government finance, responding to consultations and working with central government and other bodies to ensure the impacts of changes are understood and fully funded.

Introduction

We respond to consultations from central government departments, as well as bodies such as the Chartered Institute Public Finance and Accountancy (CIPFA), on a variety of issues which affect local government finance.

Response to DLUHC consultation on statutory override for infrastructure assets accounting (November 2022)

Public Audit Forum consultation on Practice Note 10 2022: LGA response (September 2022)

Cost pressures modelling 2022 – Technical Annex (July 2022)

Survey response: Minimum Revenue Provision post-consultation proposal (July 2022)

Urgent CIPFA consultation on temporary changes to the accounting code (Infrastructure assets) (June 2022)

Emergency consultation on temporary changes to the accounting code 2021/22 and 2022/23 (March 2022)

DLUHC consultation on changes to the capital framework: Minimum Revenue Provision (November 2021)

CIPFA consultation on the Prudential Code for Capital Finance in local authorities (November 2021)

Treasury Management in the Public Services Code of Practice and Cross-Sectoral Guidance Notes (November 2021)

Local Audit Framework technical consultation: LGA response (September 2021)

Local Audit Framework technical consultation (ARGA as local audit system leader)

Restoring trust in audit and corporate governance. Consultation on the government’s proposals. LGA response (July 2021)

Redmond Review response - Changes to the Local Audit (Appointing Person) Regulations 2015. LGA consultation response

LGA submission: The Future of the New Homes Bonus: consultation

The Future of the New Homes Bonus: consultation (closed)

CIPFA Treasury Management in the Public Services: Code of Practice and Cross-Sectoral Guidance Notes. LGA consultation response.

Prudential Code for Capital Finance in Local Authorities: LGA Consultation Response

Response to Public Sector Audit and Appointments (PSAA) Consultation on the 2021/22 audit fee scale: Opted-in local government and police bodies

Response to Public Sector Audit and Appointments (PSAA) consultation on a proposed new system for fee variations, 1 December 2020

Response to the report of the Independent Review of Local Authority Financial Reporting and External Audit in England (the “Redmond Review”), 9 November 2020

HM Treasury Public Works Loans Board, future lending terms, response to the consultation from Local Government Association May 2020 

Public Works Loan Board: Future lending terms consultation 

PSAA's consultation on the audit fee scale for 2020/21

LGA response to the call for evidence by the Redmond Review

LGA response to the NAO consultation on the Code of Audit Practice (Stage Two)

National Audit Office, Local Audit in England Code of Audit Practice Consultation 

Response

National Audit Office, Auditor Guidance Note 03 (AGN 03) Auditors’ Work on Value for Money (VFM) Arrangements – consultation

National Audit Office, Auditor Guidance Note 03 (AGN 03) Auditors’ Work on Value for Money (VFM) Arrangements – consultation response September 2020

Cipfa Financial Management Code consultation

Response

HM Treasury - Breathing space scheme: consultation on a policy proposal

Response 

Review of the 2014 enforcement agent reforms introduced by the Tribunals, Courts and Enforcement Act 2007 - Call for evidence 

Response 

Response to the consultation on 2019/20 scale of audit fees

Response to the consultation on mitigating the impact of fair value movements on pooled investment funds on local authority budget

Local authority budget setting: mitigating the impact of fair value movements on pooled investment funds 

Consultation on CIPFA index of resilience for English councils

LGA submission - Financial resilience index consultation final

Briefing on revised investment guidance and MRP guidance

Updated statutory guidance on capital finance local government investments and minimum revenue provision published by MHCLG

DCLG consultation on proposed changes to the prudential framework of capital finance

LGA response (December 2017)

Cipfa Prudential code consultation

Cipfa Treasury Management code consultation

LGA response (September 2017)

Review of Treasury Management Code of Practice and Prudential Code for Capital Finance (CIPFA)

LGA response (April 2017)

ONS Consultation on Sub National public sector finances

Sub regional public sector finances scoping study

LGA Submission (September 2017)

Consultation on The Personal Injury Discount Rate: How it should be set in future (Ministry of Justice)

LGA response (April 2017)

Markets in Financial Instruments Directive 2 (Financial Conduct Authority)

LGA response (January 2017)

LGA statement (July 2017)

Guidance for Councils 

External Audit Work Programme and scale of fees 2017/18 (Public Sector Audit Appointments)

LGA response (January 2017)

Local Infrastructure Rate (HM Treasury)

LGA response (January 2017)

New Homes Bonus: Sharpening the Incentive Technical Consultation (DCLG)

LGA response (March 2016)

Local taxation: council tax and business rates

Council tax and business rates together make up local authorities’ largest source of income. Central government has a significant degree of control over both council tax and business rates in England and sets the policy framework in which both operate.