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As the Local Government Finance Bill enters its concluding stages in the House of Commons, the Chartered Institute of Public Finance and Accountancy (CIPFA) has published a guide to some of the proposed changes.
CIPFA’s Brief Guide to Local Government Finance Reform seeks to answer some common questions that local government officers and councillors may have surrounding the localisation of support for council tax and business rate retention.
The guide explains the purpose of the proposals, what their impact will be and it includes simplified examples of the proposed changes. At the time of writing all of the guidance and legislation has yet to be published so the guide represents the latest known position. CIPFA will publish more detailed guidance once all the detail becomes known.
Alison Scott, CIPFA’s Assistant Director responsible for Local Government, commented,
“The Bill represents a very large step in what has been a continuing trend of reducing central government funding for local government in favour of self-financing.
“This guide provides readers with a brief introduction to the proposed changes to local government finance ahead of the policies being finalised and implemented.”
CIPFA Press Office
T: 020 7543 5600
Notes to Editors:
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. This includes the development of local professional qualifications in African countries like Lesotho and Nigeria and in Europe in post conflict states in the Balkans.