The final local government finance settlement has confirmed funding allocations for councils in 2024/25 will include a 7.5 per cent increase in core spending power.
All of us will welcome the additional uplift in funding announced in the final local government finance settlement, while acknowledging that much more support is necessary.
Our shared work on the financial settlement for local government yielded a stopgap of a further essential £600 million, helping our councils set balanced budgets over the next month.
The LGA is calling on the Government to extend the Household Support Fund, amid warnings that six million of the poorest people in the UK would need to more than double their income to escape poverty.
The LGA has warned that reserves “can only be spent once” in response to calls from ministers for councils to use them in response to current funding pressures.
Just days before many councils set their most difficult budgets in years – and many months after the LGA warned that soaring demand for social care and temporary accommodation was posing an existential risk to council budgets – the Government has finally backtracked on its catastrophic provisional local government finance settlement for 2024/25 and announced £600 million in extra funding.
As Independents and members of smaller parties, we need to take important – sometimes life-changing – decisions on behalf of all our residents, including the most vulnerable.