Responding to the announcement by John Healey MP, Local Government Minister, that councils will be given greater freedoms to manage their finances with the removal of a complex regulatory burden on how they budget for capital projects, Alison Scott, Technical Manager, Chartered Institute of Public Finance and Accountancy (CIPFA) said:
“CIPFA welcomes this announcement as its significant move towards implementing depreciation accounting in local government. It brings a welcome degree of realism to local authority capital investment and use of assets.”
