0370 270 6000

already registered?

Please sign in with your existing account details.

need to register?

Register to access exclusive content, sign up to receive our updates and personalise your experience on brownejacobson.com.

Privacy statement - Terms and conditions

Forgotten your password?

the end of ring fenced budgets

20 October 2010

The Chancellor has announced as part of the CSR the end of ring fenced budgets for Local Authorities. Local Authorities currently receive in excess of 90 ring fenced budgets. This will be reduced to less than 10 (covering matters such as schools, fire, police and public health).

This decision, combined with the abolition of Local Area Agreements, which required reporting on prescribed performance indicators to central government, is part of the Government’s Localism agenda – putting power back in the hands of local people.

The move towards local priorities does raise the question as to how matters of national interest and importance will be dealt with. The Government’s current answer seems to be that such issues should be dealt with through incentivising local authorities and local communities to provide such services – but many will question whether cash incentives (for example, those announced today around the New Homes Bonus) will really work.

related opinions

Moratoriums

The new Part A1 moratorium was introduced partly in response to the Covid-19 pandemic and its impact on businesses. The moratorium is not intended to be used to simply delay the inevitable insolvency of a company, but rather to allow breathing space for that company to restructure and/or achieve an effective rescue.

View blog

Covid-19 insolvency measures extension

From 26 March 2021 the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) Regulations 2021 will come into force with the effect of extending several of the temporary measures brought in by the Corporate Insolvency and Governance Act 2020 (CIGA).

View blog

An exit for public sector exit pay

It took over 5 years for secondary legislation implementing the £95,000 cap on public sector exit payments to be brought into force; only a few months later, the Government has announced that the Public Sector Exit Payments Regulations 2020 (the “Regulations”) will be revoked, citing “unintended consequences” which have been identified after “extensive review”.

View blog

The Debt Respite Scheme and its implications for creditors

The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 is due to come into force on 4 May 2021. It’s a snappy title but what exactly is it?

View blog

mailing list sign up



Select which mailings you would like to receive from us.

Sign up