FINANCE

Making the most of capital

With the Government’s drive to reduce the budget deficit, hard-pressed authorities are being challenged to make best use of their £232bn asset base, writes Paul Dossett.

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By Paul Dossett | 30 September 2013

The Department for Communities and Local Government is currently consulting on proposals to relax the controls on local authority capital receipts.

The aim is to encourage local authorities to streamline their £233bn asset base and use the released funds to pay for one-off costs of service reforms.

At first sight this seems like a radical initiative that ticks some important boxes, including:
 

Paul Dossett

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Paul Dossett

Popular articles by Paul Dossett

  1. Local government reorganisation – panacea or mirage?
  2. Beyond the local audit backstop
  3. How can further local authority failures be prevented?
  4. Lessons on leadership and governance
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