The High Court has ruled that retrospective changes to the LGPS exit credits regime were lawful – and gave some helpful guidance around the new discretion to pay an exit credit.
Two areas that are included in these needs are social infrastructure:
- Housing; and
There is no doubt that we are expecting some announcements on housing in the Autumn Statement, but we hope that it won’t just cover home ownership. Most experts in this area believe that the last Government was wrong to focus less on social housing as social and affordable housing is just as important. There is a growing problem of homelessness that needs to be addressed as well as working families struggling to find affordable housing.
More good quality and well-planned housing (whatever its tenure) should have a positive effect on reducing crime and improving health, as a consequence this would help to reduce the amount being spent by the Government on these areas.
One of the limiting factors to building more houses is the lack of appropriately skilled workers. While the apprenticeship levy could go some way towards filling this skills gap, the Chancellor could address this in the Autumn Statement. If there is not an increase in the training of people for the construction industry, there is a good chance that we will never adequately address housing insufficiency.
As well as a scarcity of housing, parents still struggle to get places for their children in schools because of a shortage of places and some schools requiring investment. With more housing, there will be a requirement for more schools. In this eventuality, the Chancellor will need to address these concerns too.
The Chancellor could use the Autumn Statement to illustrate to the country that the “establishment” has listened to the people, and will invest in infrastructure in order to help those citizens who are disaffected.
This doesn’t mean that investment in transport and energy infrastructure is not important, but a focus on this rather than housing and schools by the Chancellor will not satisfy the immediate needs of many of those who voted for Brexit.
Whilst it is clear that the shortage of housing and schools needs to be addressed, where will the money come from? The UK still has a huge amount of debt and if interest rates and inflation increase then so will the debt. Is it time for the Government to use more private finance?
On the 7th November HM Treasury announced the appointment of a new Deputy Chief Executive Officer and Head of Project Finance of the Infrastructure and Projects Authority. The Government website said that:
“The move reflects the importance the government places on securing private sector investment to fund the country’s infrastructure….”
We are all waiting in anticipation as to what the approach of the new Chancellor will be. Let’s hope it is not a missed opportunity!
If you would like more information about the issues discussed, please contact Jon Coane.
The Government has brought forward draft laws to allow independent schools to close the Teacher’s Pension Scheme to new joiners but to allow existing members to continue.
The Government has started consultation on the regulations providing the detailed framework for collective money purchase pension schemes.
In June we took on the challenge to become a Sepsis Savvy organisation - I'm really pleased to announce we've done it!
In 2020 the court rules were changed to require that all residential tenants must be given 14 days’ notice of an eviction. What happens though if the eviction is cancelled on the day?
We are delighted to announce that our private wealth law department has continued to maintain its Band 2 position in the latest edition of Chambers and Partners High Net Worth.
The new CHF is set to launch and open for applications with £4 million set to be allocated to community-led housing groups to support an increase the supply of affordable housing in England.
Charities, like other organisations, may be subject to or choose to voluntarily comply with the reporting requirements under the Modern Slavery Act 2015.
The draft regulations making it mandatory for anyone entering a registered care home in England to have been double vaccinated unless they are clinically exempt were made on 22 July 2021.
Doug Mullen and Michelle Knight discuss the recent judicial review of regulations changing the regime governing exit credits in the local government pension scheme.
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