Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Governement, what plans he has to make a submission to the consultation by the Chartered Institute of Public Finance and Accountancy on proposed changes to the Prudential code for capital finance in local authorities which closes on 12 April 2021.

Government is committed to promoting prudent financial management within local authorities and appreciates the important role that CIPFA has in helping ensure this. The Prudential Code forms an important part of the capital framework and officials have worked closely with CIPFA and other stakeholders as the revised Code has been developed and will continue to do so. Alongside this, the department is taking forward measures to strengthen the capital framework including by reducing excessive risk, while allowing authorities to invest sensibly for service delivery, local regeneration and housing, and is working closely with CIPFA and the sector to implement these.