Rishi Sunak. Photo: HM Treasury, FlickrChancellor Rishi Sunak offered local authorities a 4.5% increase in core spending power for 2021-22, the ability to raise council tax for social care and new money for Covid losses. Adrian Jenkins writes while money remains tight the deal improves than some recent years.
Every time we analyse a settlement or spending review, we are always trying to answer the question: is it a good settlement for local government? In the last couple of years, the answer is – unhelpfully – it depends how you look at it! The spending review delivered by chancellor Rishi Sunak this week is no different: on some measures, the funding allocations are reasonable, particularly in the context of the savage impact of Covid on the public finances. But l
...Additional research: Atharva Deshmukh.
As the chancellor delivered his spending review the local government borrowing terrain was rocked by a PWLB rate cut of 100bps despite bond issues showing signs of growing momentum.
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David Green writes that the alternative to extending statutory overrides will be “no good for local or central government, nor their taxpayers”.
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