Alongside the publication of its annual State of the Estate report, the government has announced new requirements for local authorities.
CIPFA/LASAAC has published an update to the 2015/16 Code of Practice on Local Authority Accounting, including amendments relating to measurement of the highways network asset.
Local authorities will see an average cut in funding of 2.8% in 2016/17, and a real terms cut of 6.7% over the spending review period.
The spending review and Autumn Statement on 25 November set out the government’s spending plans for 2016/17 to 2020/21.
CIPFA's survey has found that finance directors are losing confidence in their ability to finance local services.