Local government finance is a fascinating area. Honestly.
Those local housing authorities which still retain housing stock are required keep records of their housing income and expenditure. They also operate a Housing Revenue Account (“the HRA”). The HRA is required to balance each year and, if there is a surplus, that surplus is paid to the Government and used to cover shortfalls in the HRA of other local housing authorities – see, generally, Part 6 of the Local Government and Finance Act 1989.
Section 313 Housing and Regeneration Act 2008 introduced a new s.80B into the 1989 Act. It would provide for the Secretary of State (or the Welsh Ministers) … Read the full post
Yes, Nottingham, home of Robin Hood, who stole from the rich to give to the poor. Or, alternatively, home of the (now ex) director of operations, Tyron Brown who gave a larger council home to the (subsequently suspended) vice chair of the ALMO holding all former council properties, Chris Burnell.


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