Select Committee · Public Accounts Committee

Local Government Finance system: Overview and challenges

Status: Closed Opened: 21 Oct 2021 Closed: 7 Apr 2022 15 recommendations 14 conclusions 1 report

After a series of PAC reports on the state of local authority finances over the last year including on the system of local government audit ; local authority exposure to risky commercial investment and potential losses in Covid support schemes ; and the overall sustainability of the local authority finances , the Committee will question … Show more

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Reports

1 report
Title HC No. Published Items Response
Thirty-Fourth Report - Local Government Finance System: Ove… HC 646 2 Feb 2022 29 Responded

Recommendations & Conclusions

12 items
4 Recommendation Thirty-Fourth Report - Local Government… Accepted

The Department is making some welcome improvements to its oversight of the sector although it...

The Department is making some welcome improvements to its oversight of the sector although it remains to be seen what concrete difference these changes will make. Over time the Department has improved its analysis of financial Local Government Finance System: Overview and Challenges 7 risk and its engagement with local … Read more

Government response AI summary
The government is strengthening its data collections on local authority risk and reserves to improve its oversight of local government and collecting more detailed information from local authorities on the different types and purposes of earmarked reserves.
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HM Treasury
5 Recommendation Thirty-Fourth Report - Local Government… Accepted

We are concerned the Department is worryingly complacent in its view that the spending review...

We are concerned the Department is worryingly complacent in its view that the spending review will put local services on a sustainable footing. The spending review provided an extra £4.8 billion, £1.6 billion per year for the period 2022– 23 to 2024–25, along with assumed council tax rises (although lower … Read more

Government response AI summary
The department recognises the pressures on local services and the importance of a sustainable funding platform, and the spending review provides an estimated average annual increase in Core Spending Power of 3% in real terms each year. They also wrote to the Committee in April …
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HM Treasury
8 Recommendation Thirty-Fourth Report - Local Government… Accepted

This Committee highlighted in 2016 that the Department appeared complacent about the risks from local...

This Committee highlighted in 2016 that the Department appeared complacent about the risks from local authorities increasingly acting as property developers and commercial landlords with the primary aim of generating income. It also pointed out a risk that the local capital finance framework might not be able to cope with … Read more

Government response AI summary
The government will update Statutory Guidance on Local Government Investments in 2022, having worked with CIPFA to update the Prudential Code. They consulted on strengthening the Minimum Revenue Provision (MRP) duty and plan to publish its response in spring 2022.
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HM Treasury
9 Recommendation Thirty-Fourth Report - Local Government… Accepted

Where a local authority borrows, it must set aside money each year to repay the...

Where a local authority borrows, it must set aside money each year to repay the debt, so the costs do not fall wholly on future council taxpayers; this is known as Minimum Revenue Provision (MRP). MRP ensures councils reflect the cost of borrowing 16 C&AG’s Report, p. 39; Committee of … Read more

Government response AI summary
The government intends to update its Statutory Guidance on Local Government Investments in 2022 and is consulting on strengthening the Minimum Revenue Provision (MRP) duty, with plans to publish a response in Spring 2022, addressing the use of asset sales proceeds and MRP on debt …
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HM Treasury
11 Conclusion Thirty-Fourth Report - Local Government… Accepted

The Institute of Chartered Accountants in England and Wales (ICAEW) noted that while the local...

The Institute of Chartered Accountants in England and Wales (ICAEW) noted that while the local audit market is in crisis, government’s response to date has not recognised 25 Committee of Public Accounts, Local authority investment in commercial property, Eleventh Report of Session 2019–21, HC 312, 13 July 2020, para 15. … Read more

Government response AI summary
The government agrees with the recommendation and states it remains committed to strengthening the local audit market, acting as interim system leader, securing agreement with key partners, and that PSAA announced that 99% of eligible local bodies have joined its national scheme for auditor appointments.
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HM Treasury
14 Conclusion Thirty-Fourth Report - Local Government… Accepted

The Department’s Accounting Officer is responsible for the overall accountability system for local government, including...

The Department’s Accounting Officer is responsible for the overall accountability system for local government, including providing assurance that it is working effectively and understanding risk, both across the system and in relation to individual councils.54 The Department has improved aspects of its oversight of local government finance since 2010–11, for … Read more

Government response AI summary
The government agrees with the recommendation, is strengthening its data collections on local authority risk and reserves, and is bringing together data with intelligence from ongoing engagement with the sector to provide an overall understanding of the risks affecting the sector.
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HM Treasury
15 Conclusion Thirty-Fourth Report - Local Government… Accepted

This Committee recommended in 2016 that the Department should strengthen its understanding of the scale...

This Committee recommended in 2016 that the Department should strengthen its understanding of the scale and nature of authorities’ commercial activities, ensure that the purpose and geographical location of capital spending can be ascertained, and strengthen its use of quantitative data to ensure it understands risks across the sector relating … Read more

Government response AI summary
The government agrees with the recommendation and states they have concluded a comprehensive review of local authority expenditure and borrowing statistics, and have taken specific action to improve data collection on capital borrowing and investments, including regular information on the performance of local authority investments.
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HM Treasury
16 Conclusion Thirty-Fourth Report - Local Government… Accepted

The Department told us that from April 2022, it will regularly collect much fuller information...

The Department told us that from April 2022, it will regularly collect much fuller information on local authority commercial property, companies and financial investments, the latter two of which it described as “an obvious risk”.62 The information on property investment will include location, which the Department acknowledged “in hindsight … Read more

Government response AI summary
The government agrees with the recommendation and states they have concluded a comprehensive review of local authority expenditure and borrowing statistics, and have taken specific action to improve data collection on capital borrowing and investments, including regular information on the performance of local authority investments.
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HM Treasury
17 Conclusion Thirty-Fourth Report - Local Government… Accepted

The Department told us about a policy paper it had recently published about its framework...

The Department told us about a policy paper it had recently published about its framework for detecting, managing and preventing risk.65 In relation to concrete actions, the Department told us it was “looking at the statutory powers that we have to cap borrowing” and the policy paper also says the … Read more

Government response AI summary
The government published its policy paper on 28 July 2021, setting out measures to ensure local authority investment decisions comply with the Prudential Framework. It worked with CIPFA on the updated Prudential Code. The government intends to update its own Statutory Guidance on Local Government …
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HM Treasury
18 Conclusion Thirty-Fourth Report - Local Government… Accepted

The spending review announced on 27 October 2021, covering 2022–23 to 2024–25, provided £4.8 billion...

The spending review announced on 27 October 2021, covering 2022–23 to 2024–25, provided £4.8 billion (£1.6 billion each year) of new grant funding for local authorities.68 It also announced that council tax would be able to rise by 2% each year without triggering a council tax referendum.69 In addition, authorities … Read more

Government response AI summary
The government agrees with the recommendation and states that the 2021 Spending Review settlement provides local authorities with an estimated average annual increase in Core Spending Power of 3% in real terms, including investment in Adult Social Care reform.
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HM Treasury
19 Conclusion Thirty-Fourth Report - Local Government… Accepted

The Department told us the spending review “gives local government, looking at the sectoral level,...

The Department told us the spending review “gives local government, looking at the sectoral level, the resources that it needs” to respond to rising demand and cost pressures, and “leaves the sector in a sustainable position.”73 The Department and the Treasury stressed the work carried out to underpin this conclusion. … Read more

Government response AI summary
The government states that the 2021 Spending Review settlement provides local authorities with an estimated average annual increase in Core Spending Power of 3% in real terms and that it continues to work closely with the local government sector.
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HM Treasury
20 Conclusion Thirty-Fourth Report - Local Government… Accepted

When we pressed witnesses about the fragile state of adult social care services and continuing...

When we pressed witnesses about the fragile state of adult social care services and continuing demographic pressure, the Department agreed the demographic pressures from both working-age and older people are quite significant but listed three sources of funding to sustain “business-as-usual social care”. These were rises in council tax (including … Read more

Government response AI summary
The government recognises the pressures on local services and the importance of a sustainable funding platform. The 2021 Spending Review settlement provides local authorities with an estimated average annual increase in Core Spending Power of 3% in real terms each year of the Spending Review …
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HM Treasury

Oral evidence sessions

1 session
Date Witnesses
29 Nov 2021 Alex Skinner · Department for Levelling Up, Housing and Communities, Catherine Frances · Department for Levelling Up, Housing and Communities, Jeremy Pocklington · Ministry of Defence, Will Garton · Department for Levelling Up, Housing and Communities View ↗

Who gave evidence

4 witnesses
WitnessOrganisationSessions
Alex Skinner · Director of Local Government Finance Department for Levelling Up, Housing and Communities 1
Catherine Frances · Director General, Local Government, Strategy and … Department for Levelling Up, Housing and Communities 1
Jeremy Pocklington · Permanent Secretary Ministry of Defence 1
Will Garton · Director General for Levelling Up Department for Levelling Up, Housing and Communities 1

Correspondence

4 letters
DateDirectionTitle
21 Apr 2022 Correspondence from Jeremy Pocklington CB, Permanent Secretary, Department for …
22 Feb 2022 Correspondence from Jeremy Pocklington CB, Permanent Secretary, Department for …
11 Jan 2022 Correspondence from Rt Hon Michael Gove, Secretary of State, Department for Lev…
11 Jan 2022 Correspondence from Catherine Frances Director General, Local Government, Strat…