News Bulletin 22nd May 2024

The latest from Public Sector Executive

What is Public Sector Executive News?

Daily News from Public Sector Executive

And here’s today’s news from Public Sector Executive – on Wednesday the 22nd May 2024.
The UK Government has announced that it has increased the amount that the Scottish Government can borrow, as it looks to fund vital public services.
Through the approval of the Scotland Act Order, Scottish borrowing powers are to increase in line with inflation, meaning that more investment can be put into schools, hospitals, and the infrastructure that is central to growth.
This move will see the resource borrowing limit increase from £1.75 billion to £1.78 billion, and the increase of the capital borrowing limit from £3 billion to £3.05 billion.

London Councils has confirmed that it has written to the government outlining concerns over plans to regulate short-term and holiday-let homes.
This letter comes with a warning that the capital’s housing crisis could be exacerbated by shortcomings in the government’s plans to create a new planning ‘use class’ for properties that are being used as short-term lets. By transferring short-term lets into a new planning category, boroughs across London are concerned that thousands of homes could be lost from the city’s permanent housing stock overnight.
According to London Councils there are at least 43,000 short-term lets around the city, with this being the equivalent of one in every 85 homes – and a significant portion of these are understood to fit into the new planning category.

The Mayor of West Yorkshire has been outlining the opportunities on offer for the region, as the second day of the UKREiiF conference begins.
Offering opportunities for many, including those across local government and the wider public sector, to connect with investors and suppliers, the event is being hosted in Leeds for the third consecutive year. The Mayor opened the event alongside Investment Minister Lord Dominic Johnson.
Public Sector Executive have been in attendance at the event, with further news and updates to come as they break.
And that’s the latest – Don’t forget to like and subscribe to make sure you receive every new bulletin & check out our website Public Sector Executive .com