CIPFA welcomes housing announcement but ‘devil is in the detail’

13-10-2010

The announcement that local authorities will gain major new housing powers has been strongly welcomed by the Chartered Institute of Public Finance and Accountancy (CIPFA) but the Institute is warning that the effectiveness of the new powers entirely depends on the way they are implemented.

The Housing Minister, Grant Shapps, has confirmed that councils will be allowed to keep all the rents and sales receipts they collect. This will make resources more predictably available for repairs, maintenance and management of the nation’s 2.6 million council homes.

However, CIPFA’s Lead Housing Advisor, Dr Louise Dunne has sounded a note of caution:

‘This announcement is potentially extremely exciting but, as always, the devil will be in the detail. Council housing finance staff will have their work cut out implementing the changes.’

The issue will be addressed at the CIPFA Housing Conference 2010, entitled Freedom and Control: Business Planning for A Self-Financing World on Wednesday 3 November 2010 to be held at 15 Hatfields, London SE1 8DJ.

In partnership with the Chartered Institute of Housing, we have designed an exciting programme packed with some of the UK’s leading experts on HRA Reform:

Speakers Will Include:

  • Ken Lee – Chair of the CIPFA Housing Finance Panel & Finance Director, Wigan and Leigh ALMO
  • Steve Partridge – Director of Financial Policy & Development, ConsultCiH
  • Stephen Edwards – Team Leader, Innovative & Effective Investment in Local Authority Housing, CLG
  • David Hall – Housing Market Director, Government & Society, Tribalgroup
  • Jonathan Walters–Director of Regulatory Integration, TSA
  • Adrian Waite – Managing Director, AWICS and CIPFA National Council  

For further information and to book a place at the CIPFA Housing Conference 2010, please contact Kneeley Whiting on 020 8667 8192  www.cipfanetworks.net/housing/events 

Ends

Contact: Guy Roberts/ Lindsay Machin / Chloe Forbes
CIPFA Press Office
t 020 7543 5712/5645/5787
e guy.roberts@cipfa.org.uk / lindsay.machin@cipfa.org.uk / chloe.forbes@cipfa.org.uk

Notes to Editors:

About CIPFA

CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. Our 14,000 members work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public money needs to be effectively and efficiently managed. As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications are the foundation for a career in public finance. They include the benchmark professional qualification for public sector accountants as well as a postgraduate diploma for people already working in leadership positions. They are taught by our in-house CIPFA Education and Training Centre as well as other places of learning around the world. We also champion high performance in public services, translating our experience and insight into clear advice and practical services. They include information and guidance, courses and conferences, property and asset management solutions, consultancy and interim people for a range of public sector clients. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance. We work with donors, partner governments, accountancy bodies and the public sector around the world to advance public finance and support better public services.