• Home
  • About
  • Subscribe
  • Conference
  • Events Calendar
  • Webcast151
  • MOTB
  • Log In
  • Register

Room 151

  • Treasury
  • Technical
  • Funding
  • Resources
  • LGPS
  • Development
  • 151 News
  • Blogs
    • David Green
    • Agent 151
    • Dan Bates
    • Richard Harbord
    • Stephen Sheen
    • James Bevan
    • Steve Bishop
    • Cllr John Clancy
    • David Crum
    • Graham Liddell
    • Ian O’Donnell
    • Jackie Shute
  • Interviews

Big trouble in Great Yarmouth as statutory services become unaffordable

0
  • by Colin Marrs
  • in 151 News · Funding
  • — 13 Feb, 2014

Great Yarmouth Borough Council is set to consult on which services it could stop providing, after predicting that it will run out of money to cover its outgoings in 2015/16.
A draft budget for the year 2014/15 says that the council is set to run significant deficits for the three years up to 2016 which are likely to exhaust its £5.6 million of reserve cash.
The council will now prepare a new medium-term financial strategy to set a new framework around service delivery, with a public consultation penciled in for the summer.
The report said: “These projections are not sustainable even in the short-term.
“The council will need to consider options for moving forward, which will include consideration of which services it can continue to deliver.”
The Department for Communities and Local Government (DCLG) has reduced the authority’s grant to £7,023,364 for next year, a cut of 13.8 per cent.
The council claims this will leave them with the largest proportional reduction in spending power of any council in the UK at 18.36 per cent.
However, the council will be protected by a DCLG promise that no council will suffer a reduction in spending power of more than 6.9 per cent.
Despite this, and a round of efficiency savings undertaken by the council, a spokesman said that the council would “be faced with tough choices to make in the next few years” in relation to service delivery.
Great Yarmouth is represented in Parliament by local government minister Brandon Lewis.
This week, a report by the Local Government Information Unit said that a third of councils have warned that financial constraints may place them in a situation where they are no longer able to provide their statutory duties.
Dr Jonathan Carr-West, chief executive of LGiU, said: “The reality is that unless all parties can agree a radical future for council funding, everything from road sweeping to social care will be increasingly difficult to deliver.
“Everyone agrees the system needs radical reform but the only changes we are offered are piecemeal and marginal.
“Funding of statutory services cannot be sustained if the local government finance fudge continues.”

Share

You may also like...

  • May scraps the HRA cap in bid to tackle housing crisis May scraps the HRA cap in bid to tackle housing crisis 4 Oct, 2018
  • Crowdfunding could pay for public services, researchers claim Crowdfunding could pay for public services, researchers claim 1 May, 2019
  • Community investment bond ‘builds engagement’ with residents 6 May, 2020
  • News Roundup: Pensions partnership, Icelandic losses recovered, Northern Ireland finances, coal investments News Roundup: Pensions partnership, Icelandic losses recovered, Northern Ireland finances, coal investments 15 Oct, 2015

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Register to become a Room151 user

  • Latest tweets

    Room151 2 days ago

    How can local government ‘build back better’?: Beverley Gower-Jones looks at the options for driving small business entrepreneurship in clean technologies. Innovation is essential for local authorities to save money and reduce emissions, it is the… dlvr.it/RtT3nS pic.twitter.com/bSMB6OG70t

    Room151 3 days ago

    Helen Randall: Spelthorne report places spotlight on ‘controls’: Fresh criticism of Spelthorne Council raises the question of what “good” controls look like when negotiating a property deal. Spelthorne Council’s continuing debacle over property… dlvr.it/RtSPhy pic.twitter.com/9uCOJgBcH6

    Room151 3 days ago

    Step-out strategies: Hitting the sweet spot between liquidity and ultra-short duration: Sponsored article: Jemma Clee describes how an ultra-short duration strategy can help local authorities enhance returns. Despite the expectation of a low, and… dlvr.it/RtSPZb pic.twitter.com/pdXPpv5lcN

    Room151 4 days ago

    What role will climate change have on the pricing of government bonds?: Sponsored article: Kerry Duffain finds that “vulnerability and resilience to climate change” have a significant impact on the cost of government borrowing. Ardea Investment… dlvr.it/RtNKv7 pic.twitter.com/wDjT31x4Yt

    Room151 4 days ago

    ESGenius: Slashing emissions will fuel green growth for decades: Sponsored article: Velislava Dimitrova argues that a big enough investment could mean transition to a low, or no, carbon economy can become a reality. The world needs to slash carbon[...] dlvr.it/RtKZJp pic.twitter.com/cd8S3ijERl

    Room151 4 days ago

    Prudential code: “Not perfect, but its heart is in the right place”: The new Prudential Code offers revised rules for borrowing. Nikki Bishop is sceptical it will work while Gary Fielding offers his support. Nikki Bishop I have been asked to give[...] dlvr.it/RtKZFh pic.twitter.com/OriN28lXcb

    Room151 5 days ago

    Tremendous report from @MarkSandford3 citing @room_151 no fewer than six times (despite what the @lgcplus fact checking/counting dept might tell you) #localgov commonslibrary.parliament.uk/research-brief… 1/5

    Room151 2 weeks ago

    Dan Bates: Capitalisation directions are not the only tool for rebuilding finances: Dan Bates argues deep seated problems are contributing to a rush for capitalisation directions. For some time now we have been reading that a number of councils are in… dlvr.it/RspKff pic.twitter.com/xRRsgVim9u

  • Categories

    • 151 News
    • Agent 151
    • Blogs
    • Chris Buss
    • Cllr John Clancy
    • Dan Bates
    • David Crum
    • David Green
    • Development
    • Forum
    • Funding
    • Graham Liddell
    • Ian O'Donnell
    • Interviews
    • Jackie Shute
    • James Bevan
    • Jobs
    • LGPSi
    • Mark Finnegan
    • Recent Posts
    • Resources
    • Richard Harbord
    • Stephen Fitzgerald
    • Stephen Sheen
    • Steve Bishop
    • Technical
    • Treasury
    • Uncategorized
  • Archives

    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • 2012
    • 2011
  • Previous story Interest rate rises will demand tough choices of treasurers
  • Next story Enfield launches property company to help tackle homelessness

© Copyright 2021 Room 151. Typegrid Theme by WPBandit.