FBN Holdings Plc (FBNH.ng) 2011 Annual Report

first_imgFBN Holdings Plc (FBNH.ng) listed on the Nigerian Stock Exchange under the Financial sector has released it’s 2011 annual report.For more information about FBN Holdings Plc (FBNH.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the FBN Holdings Plc (FBNH.ng) company page on AfricanFinancials.Document: FBN Holdings Plc (FBNH.ng)  2011 annual report.Company ProfileFBN Holdings Plc is a leading financial services institution in Nigeria offering banking products and services for the commercial, corporate, investment and merchant banking sectors. The company also offers insurance products for individual and corporate clients and other financial services for merchant banking, asset management, investment and general trading, private equity, financial intermediation services, trusteeship, portfolio management and discount house services for individual and corporate clients. The Insurance division underwrites life and general insurance products and offers insurance brokerage services. FBN Holdings Limited was founded in 1894 and today operates in 874 business locations in 12 countries. Its company head office is in Lagos, Nigeria. FBN Holdings Plc was founded in 1894 and is based in Lagos, Nigeria. FBN Holdings Plc is listed on the Nigerian Stock Exchanglast_img read more

North Texas Episcopal parishes evicted by breakaway group move out…

first_img Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Curate Diocese of Nebraska North Texas Episcopal parishes evicted by breakaway group move out of church buildings The congregation of All Saints’ Episcopal Church gathers for Sunday worship in Fort Worth, Texas, before the coronavirus pandemic forced the suspension of large in-person gatherings. Photo: Katie Sherrod[Episcopal News Service] Six congregations in what is now known as the Episcopal Church in North Texas have until 11:59 p.m. on April 19 to vacate their buildings after being evicted by a breakaway group affiliated with the Anglican Church in North America, or ACNA.The U.S. Supreme Court in February declined to hear an appeal by The Episcopal Church’s Fort Worth-area diocese of a state court ruling, leaving more than $100 million of diocesan property in the hands of the ACNA’s Diocese of Fort Worth. The court’s decision not to hear the case settled what had been a 12-year legal battle.In 2008, a majority of clergy and lay leaders in the Episcopal Diocese of Fort Worth voted to leave The Episcopal Church over disagreements about the ordination of women and LGBTQ people. The breakaway congregations continued to occupy their buildings. Most congregations that remained in The Episcopal Church found new places to worship after the split, but six congregations in Fort Worth, Hillsboro and Wichita Falls, Texas, remained in their buildings.Since February, the Fort Worth Episcopalians and members of the breakaway group have been going through the buildings in preparation of the transfer. Like the rest of the dozen-year dispute, that’s been “a fairly complicated, fraught process,” said Katie Sherrod, the Episcopal diocese’s director of communications.One of the parishes, All Saints’ Episcopal Church in Fort Worth, is moving to the chapel at All Saints’ Episcopal School. Another, St. Mary’s Episcopal Church in Hillsboro, has been using the back room of a real estate office and plans to move into another commercial building, Sherrod said.Some of the churches had not held indoor services for a while because of the pandemic. St. Luke’s in the Meadow in Fort Worth had been holding outdoor services and had just begun the process of reopening the building for socially distanced worship when the eviction order came. This Sunday, the congregation’s first worship service inside the building in months will also be its last one in the building.As sad as this moment is for the Episcopalians who have called these buildings home for so long, Sherrod said the congregations have welcomed new parishioners who did not feel welcome in the breakaway parishes, such as gay couples with children.“We’ve made welcome people who’ve been wounded by other churches,” she said. “So is it worth it? Yeah.”– Egan Millard is an assistant editor and reporter for Episcopal News Service. He can be reached at [email protected] Missioner for Disaster Resilience Sacramento, CA Rector Tampa, FL Director of Music Morristown, NJ Rector Martinsville, VA Course Director Jerusalem, Israel Rector Collierville, TN Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector (FT or PT) Indian River, MI By Egan MillardPosted Apr 16, 2021 Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector/Priest in Charge (PT) Lisbon, ME Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT New Berrigan Book With Episcopal Roots Cascade Books Rector Washington, DC The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Press Release Service Associate Priest for Pastoral Care New York, NY Rector Shreveport, LA Rector Bath, NC Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Assistant/Associate Priest Scottsdale, AZ An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Submit a Job Listing Assistant/Associate Rector Morristown, NJ This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Belleville, IL Rector Knoxville, TN Cathedral Dean Boise, ID Director of Administration & Finance Atlanta, GA Curate (Associate & Priest-in-Charge) Traverse City, MI Canon for Family Ministry Jackson, MS Bishop Diocesan Springfield, IL Assistant/Associate Rector Washington, DC In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Fort Worth update Rector Albany, NY Featured Events Associate Rector Columbus, GA Priest Associate or Director of Adult Ministries Greenville, SC Tags Family Ministry Coordinator Baton Rouge, LA AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector and Chaplain Eugene, OR Associate Rector for Family Ministries Anchorage, AK Featured Jobs & Calls Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Submit a Press Release Rector Smithfield, NC Youth Minister Lorton, VA Rector Hopkinsville, KY Submit an Event Listing Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Priest-in-Charge Lebanon, OH Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector Pittsburgh, PA last_img read more

Rebels vs Crusaders – Super Rugby Round 12

first_imgSunday May 13, 2012 Rebels vs Crusaders – Super Rugby Round 12 Highlights of the Rebels vs the Crusaders from MelbourneADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Super Rugby 2012 Highlights Related Articles 465 WEEKS AGO Bulls vs Lions Highlights – Super Rugby Round… 465 WEEKS AGO Sharks vs Cheetahs – Super Rugby Round 18… 465 WEEKS AGO Stormers vs Rebels Highlights – Super Rugby… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life Reports30+ Everyday Items with a Secret Hidden PurposeNueey10 Types of Women You Should Never MarryNueeyYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Reaction breeds resistance

first_imgA wave of terrible hate has surged through the U.S. since Donald Trump’s election. This has been confirmed by the Southern Poverty Law Center through statistics that track and expose hate acts and crimes.Three days after the election, every Black first-year student at the elite University of Pennsylvania received an email with racist language and explicit images of lynchings. Such threats have proliferated throughout the United States at work sites, schools and on the streets through verbal abuse, chants of “Build the wall,” dangling ropes or Black dolls hung in effigy, and other racist acts.These threats foreshadowed horrific lynchings-by-gun. On Nov. 12, African-American musician William Sims was targeted and killed by white supremacists in El Sobrante, Calif. On Nov. 22, James Means, a 15-year-old African-American youth, was shot while sitting on a friend’s porch in Charleston, W.Va. His murderer was a 62-year-old white man who remorselessly justified his action with racist language.The Ku Klux Klan announced a victory march in North Carolina on Dec. 3 to celebrate Trump’s win. A Michigan police officer drove his Confederate flag-flying pickup truck on Nov. 11 to a rally protesting Trump’s election. This “battle flag,” widely adopted by white supremacist and neo-Nazi hate groups, was proudly hoisted by Trump backers at a post-election “unity rally” in Delaware and elsewhere.According to the SPLC, anti-immigrant hate incidents are now the most frequently reported, including assaults, bombings, threats and property destruction. The FBI documented a 67 percent increase in attacks on Muslims in 2015, with a sharp rise in attacks on trans people. Forty percent of all recent incidents occur in educational settings, from kindergarten through college.This post-election hate has targeted all oppressed groups and has been virulently anti-immigrant, anti-Black, anti-LGBTQ, anti-Muslim, anti-Jewish and anti-woman. The vandalism and violence have been so dramatic that even corporate media like People and Time magazines have had to condemn them. But that condemnation only reflects the alarm of the ruling-class wing that lost the presidency to loose-cannon Trump.Jan. 20 counter-inaugural protests The real and powerful resistance to these acts of terror is coming from working-class and oppressed people everywhere in the country. On election night, mass marches under the slogan “Not My President” erupted and continued for days, coast to coast. Individuals are posting real-time, how-to-resist examples on social media showing courageous one-on-one confrontations with hate-spewing strangers. One resistance video shows a self-defense instructor and a hijab-wearing Muslim woman demonstrating how she will stop an attacker attempting to rip off her scarf.Defense of immigrant people is echoing 19th-century activist actions against the Fugitive Slave Act, which authorized federal marshals to seize free African-American people and force them back into slavery. Support for “sanctuary” cities and schools is growing nationally. The movement’s aim is to stop cops and federal immigration officials from arresting undocumented immigrants and deporting them.The challenge is to continue to have people’s deep outrage flow in the most forward direction — to fighting the capitalist system itself. The way forward is not to flee back into the corporate arms of the Democratic Party. The way forward is not to embrace a Bernie Sanders approach that pits “identity politics” against “class politics.” That is an abysmal failure. It must be understood that oppressed people are working people who suffer disproportionately because of their oppression — whether from racism, migrant status and deportations, anti-LGBTQ and anti-woman hatred, Islamophobia or prejudice toward people with disabilities.On Jan. 20 we have a chance for a huge People’s Referendum on Trump, which will challenge the climate of hate and capitalist greed against the common good.When protesters gather on J20 in Washington, D.C., at counter-inaugural protests, they will say in a loud, united voice: “No! We resist!” They will announce their resolve to make the U.S. ungovernable under a president and an administration intent on destroying the present and future for workers and oppressed people.Resistance is not futile. Resistance is the only way. Resistance is the path to meaningful work at livable wages, the path to education and health care for all, the path to liberation and smashing oppression, the path toward a future where human beings have all they need for their development and enjoyment. This is the path to a socialist revolution and a socialist future for working and oppressed peoples.For more on counter-inauguration plans, visit J20resist.org.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Cigarette sales in clubs and pubs could be suspended for illegal smoking on premises

first_imgNews Cigarette sales in clubs and pubs could be suspended for illegal smoking on the premises, Ballyshannon District Court was told.Lisa Finnegan, prosecuting on behalf of the HSE, said any smoking offence since July 1, 2009, could lead to a vending machine on the premises being closed for between a day and three months.Gerry McGovern, defending McEniff Holdings – who admitted allowing smoking at Paris/Fusion night club in Bundoran on October 16, 2010 – said he thought that was unusual.He said normally, vending machines are on the wall and belong to agencies or somebody else.The court heard that when a HSE inspector visited, four people were smoking in an internal area adjoining the smoking area and there were ash trays on the table.Mr McGovern said a “considerable” amount of money was spent providing an external smoking area when the ban was introduced and this was a first offence when people were sheltering from the rain.Judge Kevin Kilrane imposed a €50 fine and ordered the defendants to pay €1,038 prosecution costs. He also ordered the cigarette vending machine to be closed for one day. WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton By News Highland – September 17, 2011 Previous articleRevenue Commissioners accepted 6 settlements totalling €950,000 euro in DonegalNext articleCharolais Heifers worth thousands stolen from Letterkenny farm News Highland Guidelines for reopening of hospitality sector published WhatsApp Google+ Facebook Twitter Facebookcenter_img Pinterest RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Pinterest NPHET ‘positive’ on easing restrictions – Donnelly Google+ Cigarette sales in clubs and pubs could be suspended for illegal smoking on premises Calls for maternity restrictions to be lifted at LUH Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

Minister urged to give update on Buncrana Education Campus site

first_img Pinterest Dail to vote later on extending emergency Covid powers Previous articleLetterkenny councillor says gardai must tackle antisocial behaviourNext articleAudio Update – Garda Inspector renews appeal for fatal crash information admin Minister McConalogue says he is working to improve fishing quota Pinterest WhatsApp News Google+ Twitter The Education Minister is being asked to give an urgent update on the on the three school campus at Buncrana.The long awaited development would incorporate Crana College, Gaelcholáiste Chineál Eoghain and Gaelscoil Bhun Cranncha on one site.In July, it was announced that a site had been selected for the project however, this week it has been revealed that such a site has not been secured.Donegal Senator Padraig Mac Lochlainn has written to Minister Bruton requesting a response as to where the project stands.He says it must be brought a swift conclusion…………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/09/padcrana.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Minister urged to give update on Buncrana Education Campus site Man arrested in Derry on suspicion of drugs and criminal property offences released center_img Dail hears questions over design, funding and operation of Mica redress scheme Google+ WhatsApp RELATED ARTICLESMORE FROM AUTHOR By admin – September 22, 2016 Facebook 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Facebook Twitter Need for issues with Mica redress scheme to be addressed raised in Seanad also last_img read more

€23 million to be allocated to Donegal County Council for roads

first_img Dail to vote later on extending emergency Covid powers €23 million to be allocated to Donegal County Council for roads Previous articleCllr John Ryan added to Fine Gael ticket in Donegal North EastNext articleDungloe and Glenties Sewerage schemes to go to tender News Highland Pinterest €23 million is to be allocated to Donegal County Council under the regional and local road grant allocations.€23 million has been approved by way of grant allocation to Donegal County Council, Letterkenny Town Council will receive €395,000, Buncrana Town Council has been allocated €195,000 and Bundoran Town Council has been sanctioned for funding of €139,000.Local authorities will also be provided with flexibility to change their programmes if necessary given the recent period of very severe weather.Donegal South West Senator Brian O Domnhaill, said the allocation is annual, but in saying that, is still much needed:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/02/bri1pm.mp3[/podcast] Google+ Twitter Facebook Newsx Adverts Dail hears questions over design, funding and operation of Mica redress scheme By News Highland – February 2, 2011 Google+center_img HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Man arrested in Derry on suspicion of drugs and criminal property offences released Pinterest PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Twitter Facebook RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApplast_img read more

South Inishowen still has highest Covid rate

first_img RELATED ARTICLESMORE FROM AUTHOR Nine til Noon Show – Listen back to Monday’s Programme Twitter Latest figured show the spread of Covid 19 in the two weeks to March 22nd.The surge in cases continues in South Inishowen with increases now being felt in the North of the peninsula. The outbreak of cases in the Milford area is now reflected in the figures while there’s increases too in the Letterkenny and Lifford/Stranorlar areas.In the South and West of the county, cases continue to fall with just 12 cases in 2 weeks in Donegal LEA and less than 5 cases in the Glenties area over same period. This means Glenties LEA has pretty much the lowest rate of Covid that you can get.The national incident rate was 158.3 cases per 100k.Figures cover the 14 days up to Monday (March 22)North inishowen: ↗️ 47 cases ↗️ 277.2 per 100kSouth Inishowen:↗️ 116 cases↗️ 518.6 per 100kMilford: ↗️ 29 cases ↗️ 210.6 per 100kLetterkenny ↗️ 67 cases ↗️ 224.9 per 100kLifford/Stranorlar ↗️ 73 cases ↗️ 282 per 100kGlenties ↘️ under 5 cases ↘️ under 5 per 100kDonegal ↘️ 12 cases ↘️ 45.3 per 100kFigures cover the 14 days up to Monday (March 15)North inishowen: ↗️ 27 cases ↘️ 159.2 per 100kSouth Inishowen:↗️ 83 cases ↗️ 371.1 per 100kMilford: ↘️ 5 cases ↘️ 36.3 per 100kLetterkenny ↘️ 49 cases ↘️ 164.5 per 100kLifford/Stranorlar ↗️ 54 cases ↗️ 208.6 per 100kGlenties ↘️ 8 cases ↘️ 33.4 per 100kDonegal ↘️ 15 cases ↘️ 56.6 per 100k Facebook Google+ WhatsApp Facebook Pinterest News, Sport and Obituaries on Monday May 24th WhatsApp Important message for people attending LUH’s INR clinic center_img Loganair’s new Derry – Liverpool air service takes off from CODA Google+ Previous article606 new Covid 19 cases, 57 in DonegalNext articleThe Score – 25/03/21 News Highland Arranmore progress and potential flagged as population grows DL Debate – 24/05/21 Pinterest Twitter Homepage BannerNews By News Highland – March 25, 2021 South Inishowen still has highest Covid ratelast_img read more

Kingsmill launches new format with Little Big Loaf

first_imgKingsmill is back on TV this week, featuring Kingsmill Great Everyday White and its new Little Big Loaf, kicking off its largest multi-media initiative since the brand’s 2007 relaunch.The company will sink millions into plugging the brand, spending more than £11m during the next year, following a £4m marketing drive on wholegrain earlier this year.Martin Deboo, an analyst at Investec, said with milling and wheat prices falling, there was more money on the table for the big brands to invest in promotions. He added: “With so much capacity in the industry, they are all chasing growing volumes.”Kingsmill has also shrunk a number of its loaves in a bid to appeal to smaller households. Its new Little Big Loaf claims to be the only custom-made loaf on the market with full-size slices and takes advantage of relaxed legislation on bread weights.The 525g versions of Great Everyday White and Tasty Whole-meal have 10 slices plus two crusts, while the Love To Toast variant has eight slices and two crusts all with an RSP of 95p. This compares to 20 slices in Kingsmill’s 800g loaf, which typically retails for £1.22. Unlike standard 400g loaves, Little Big Loaves are designed to be merchandised vertically to increase shelf stand-out.Michael Harris, Kingsmill marketing controller, said: “We know there’s a demand among smaller households for a loaf with fewer slices, but which still has a full-size slice profile.He continued: “We’re confident this launch will drive penetration of smaller loaves and cater to a clear gap in the market. The new format means smaller households benefit from reduced wastage.”In the year to 21 February, Kingsmill’s sales soared 24% to £339m and increased by 4.8% in volume [source: IRI].last_img read more

Press release: James Brokenshire confirms funding package for local authorities in 2019 to 2020

first_img Berkshire Buckinghamshire East Sussex Hertfordshire Lancashire Leicester and Leicestershire Norfolk Northamptonshire North and West Yorkshire North of Tyne Solent Authorities Somerset Staffordshire and Stoke-on-Trent West Sussex Worcestershire Please use this number if you are a journalist wishing to speak to Press Office 0303 444 1209 This year’s settlement paves the way for a fairer, more self-sufficient and resilient future for local government. That is why local authorities will have more control over the money they raise and a real terms increase in their core spending power. The settlement also recognises the pressures councils face in meeting growing demand for services and rewards their impressive efforts to drive efficiencies and rebuild our economy. Office address and general enquiries Twitter – https://twitter.com/mhclgFlickr – http://www.flickr.com/photos/mhclgLinkedIn – http://www.linkedin.com/company/mhclg Email [email protected] Following negotiations with London authorities, the Greater London Authority, the City of London and all London boroughs will also be forming a 75% business rates pilot pool. Existing pilots in devolution deal areas will continue. 2 Marsham StreetLondonSW1P 4DF Contact form https://forms.communit… If your enquiry is related to COVID-19 please check our guidance page first before you contact us – https://www.gov.uk/guidance/coronavirus-covid-19-guidance-for-local-government.If you still need to contact us please use the contact form above to get in touch, because of coronavirus (COVID-19). If you send it by post it will not receive a reply within normal timescale. Media enquiries Councils in England are to benefit from increased funding for core services including additional support for the most vulnerable in society, Communities Secretary Rt Hon James Brokenshire MP confirmed today (5 February 2019).Local authorities’ core spending power will rise in 2019 to 2020 by £1.3 billion, taking councils’ funding to £46.4 billion.This year’s local government finance settlement includes extra funding for local services with a strong focus on greater support for adult and children’s social care. The settlement also supports and rewards economic growth and sets out reforms for a sustainable path for the future funding model for local government.The real terms funding increase for 2019 to 2020 is in recognition of the pressures local authorities are facing to deliver the services residents need, whilst protecting taxpayers from excessive increases in bills.The 2019 to 2020 settlement marks the end of a 4-year deal – accepted by 97% of councils – which provided local authorities with access to £200 billion in the 5 years to 2020.Communities Secretary Rt Hon James Brokenshire MP said: General enquiries: please use this number if you are a member of the public 030 3444 0000 Social media – MHCLG Provisional plans for the local government finance settlement for 2019 to 2020 were published in December followed by a period of extensive consultation with the sector. Representations from around 170 organisations and individuals were carefully considered before finalising the settlement.The final local government finance settlement for England, 2019 to 2020, will be debated in the House of Commons with a vote by all MPs on Tuesday 5 February.This year’s Spending Review will determine funding for local authorities from 2020 onwards.What the financial settlement includes:Additional support for social careThe government committed £650 million more for social care for 2019 to 2020 in the Autumn Budget. This includes £240 million towards easing winter pressures on adult social care, with local authorities able to use the remaining £410 million on adult or children’s social care, and, where necessary, to relieve demand on the NHS.This additional funding, alongside the adult social care precept and the improved Better Care Fund, means the government will have given councils access to £10 billion in dedicated funding which can be used for adult social care in the 3-year period from 2017-18 to 2019-20. For 2019 to 2020, local authorities will have access to £4.3 billion in dedicated resources for adult social care, including £1.8 billion in improved Better Care Fund Grant.The Budget also confirmed £84 million is available, over 5 years, to drive improvements in social work practice and decision-making in children’s social care. The additional funding is part of the government’s measures to address pressures in services helping society’s most vulnerable.Business rates pilotsTo test out aspects of proposed business rates retention reforms in a wide range of areas across the country, the selection of 15 areas as 75% retention pilots for the 2019 to 2020 financial year has been announced.Communities Secretary Rt Hon James Brokenshire MP has confirmed London will be piloting 75% rates retention in 2019 to 2020.And as previously confirmed, pilots originally launched in 2017 in devolution deal areas will continue on the existing basis in 2019 to 2020.The pilots will inform the government’s proposed reforms ahead of a renewed business rates retention system being introduced in 2020 to 2021.Business rates levy account surplus to be redistributed to councilsLocal authorities play a key role in supporting economic growth.The current business rates retention scheme is performing well, with local authorities estimating in 2018 to 2019 they will keep around £2.4 billion in business rates growth, on top of settlement funding.As a result of increased growth in business rates income, the government has announced it plans to distribute £180 million of the business rates retention levy surplus to all local authorities and proposes to share it on the basis of need.Future of business rates retentionThe government is aiming to increase the level of business rates retention from the current 50% to 75% from 2020 in a way which is fiscally neutral. It is also intending to implement reforms to the business rates retention system to ensure local councils have the levers and incentives they need to grow their local economies.A consultation, launched in December, is seeking views until the 21 February on the proposed reforms. It seeks views on how the business rates system can be reformed to continue to provide a strong incentive for local authorities to grow their business rates bases. It proposes a change in how the system is administered to mitigate the volatility business rates appeals have on local authorities’ income and to help reduce complexity in the system.Review of relative needs and resourcesHaving consulted last year on a review of local authorities’ relative needs and resources, the next stage of consultation ahead of the review’s planned implementation in 2020 was announced at the provisional settlement in December and will run to 21 February.This continues the government’s work to address concerns about the fairness of current funding distributions by determining a robust and effective funding formula.Maintenance of Council Tax referendums thresholds, aside from further flexibility offered on the police precept level.The threshold at which a local referendum is triggered for rises in Council Tax will stay at 3%.Further flexibility is also available for certain local authorities, such as those with responsibility for adult social care services. Referendum limits for police and crime commissioners will be set at £24, for a band D property, to address changing demands on police forces.Northamptonshire county council will have an additional 2% Council Tax flexibility, to assist with the improvements to council governance and services after their serious issues.The level of Council Tax will be a matter for the authority’s cabinet and full council.During the provisional settlement consultation, some local authorities called for referendum limits to be removed.However, the government is committed to protecting local taxpayers from excessive Council Tax increases, in line with the government’s manifesto. The Council Tax referendum provisions ensure that local residents have the final say over any large increase.Negative Revenue Support Grant (RSG)Negative RSG is a direct consequence of the distribution methodology adopted for the 2016 to 2017 settlement, whereby for less grant dependent authorities the required reduction in core funding exceeds their available RSG.Having listened to representations from local authorities since the provisional settlement, government has announced it intends to directly eliminate the £152.9 million of Negative Revenue Support Grant in 2019 to 2020 through the use of foregone business rates. This will prevent any local authority from being subject to a downward adjustment to their business rates tariffs and top-ups which could act as a disincentive for growth.New Homes BonusThe consultation after December illustrated local authorities want certainty on the future of the New Homes Bonus after next year. The government remains fully committed to incentivising housing growth and will consult widely with local authorities on how best to reward housing delivery effectively after 2019 to 2020.An additional £18 million in funding will be provided for the New Homes Bonus, and the baseline for growth, below which new allocations of the Bonus are not paid, will stay the same at 0.4%.This housing growth baseline provides a further incentive to local authorities to welcome housing growth and build more homes to relieve housing need. This strikes the right balance between supporting local authorities and ensuring they work to give more people the opportunity to have a place to call home.Rural supportCommunities Secretary Rt Hon James Brokenshire MP has responded to a number of councils’ concerns over rural services funding by announcing the level of Rural Services Delivery Grant in 2019 to 2020 will increase by £16 million to £81 million, in line with the levels of grant funding provided in 2018 to 2019. This recognises the extra costs of providing services in rural communities.Fire funding for pensionsAround £97 million of funding has been announced to cover fire pensions liabilities. This responds to concerns raised by the sector over increased pensions liabilities for Fire and Rescue Authorities.Further informationThis relates to England only.The provisional settlement gives councils a 2.8% cash-terms increase, and a 1% real-terms increase in core spending power in the 2019 to 2020 financial year – up from £45.1 billion in this financial year to £46.4 billion.The areas selected for business rates pilots are:last_img read more