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PUBLIC FINANCE NEWSLETTER | 07 MAR 2016

Fiscal devolution key to meeting London’s housing needs, says Kerslake review

An independent commission led by Lord Kerslake has called for a major package of fiscal devolution to local authorities in London as part of an effort to double the supply of homes in the capital.

NEWS

Community asset transfers must not turn into liabilities

Community assets transfers are gathering pace as councils seek to offload maintenance costs. But communities need support and some funding to make them a success, says Vidhya Alakeson, the chief executive of Power to Change.

OPINION

Morgan consults on replacement for “outdated” school funding formula

Education secretary Nicky Morgan has set out more details of reforms to the funding formula for schools, which is set to remove local authorities from any role in the distribution of resources.

NEWS

Universities likely to borrow to offset funding cuts, Fitch finds

English universities are set to increase borrowing levels in order to mitigate government funding reductions and to upgrade facilities, an analysis of the financial health of the sector by credit ratings agency Fitch has found.

NEWS

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TPA urges Osborne to scrap corporation tax

The TaxPayers' Alliance has called on George Osborne to replace the current system of corporation tax at next month’s Budget, saying the “outdated” system was no longer suitable for a modern economy.

NEWS

Data gaps and weak tools ‘hampering EU VAT fraud fight’

Inconsistent and inadequate data and tools are hampering the European Union’s ability to counter intra-community VAT fraud, which costs the bloc at least €60bn every year, auditors have warned.

INTERNATIONAL NEWS

MPs to probe business’ EU referendum arguments

The Commons business, innovation and skills select committee has opened an inquiry to test the claims cited by businesses on both sides of the European Union referendum debate.

NEWS

Floods demonstrate the value of eyes in the sky

Tests during this winter’s flooding have shown that remotely controlled drones can help guide emergency response and assess the extent of damage, says Dr Monica Rivas Casaldo.

OPINION