The Local Government Finacial Settlement for next year provides the most offensive political funding settlement that can ever be recalled. Eric Pickles, Secretary of State has stated that the average cut across England and Wales is just 1.2%.
The Local Government Finacial Settlement has been designed so that Labour Councils are hit hard and Tory Councils are do not have to shoulder the burden of
Showing posts with label Councils. Show all posts
Showing posts with label Councils. Show all posts
Wednesday, 9 January 2013
Wednesday, 26 September 2012
Council Pension fund to build homes
Congratulations to Greater Manchester Pension fund (GMPF) for running a pilot scheme investing in 240 new homes for affordable rent and discounted sale. I'm still not fully aware of all the full details but what I understand so far it just makes perfect sense.
Councils have land, planning responsibilites, massive waiting lists and staff pension funds crying out for secure long term inflation linked investments.
£11 billion GMPF is obviously better placed to be able to fund such schemes than smaller Council funds, but I hope this is a welcome start.
Councils have land, planning responsibilites, massive waiting lists and staff pension funds crying out for secure long term inflation linked investments.
£11 billion GMPF is obviously better placed to be able to fund such schemes than smaller Council funds, but I hope this is a welcome start.
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