‘Inflationary storm’ adds to £4bn funding gap
Councils in England face a funding gap of £4 billion over the next two years – a £1 billion increase since the LGA’s initial analysis in July.
Councils in England face a funding gap of £4 billion over the next two years – a £1 billion increase since the LGA’s initial analysis in July.
Only five out of 467 local government bodies had published their 2022/23 accounts with an auditor’s certificate or opinion by the end of September.
More than 50 ‘overlooked’ UK towns will each be given £20 million over a 10-year period to help regenerate high streets and tackle antisocial behaviour, the Government has announced.
Dealing with the budgetary and financial pressures facing councils continues to dominate the focus of the LGA and our teams, ahead of the Autumn Statement on 22 November.
Local government has been steadily squeezed by austerity, inflation and centralisation over the years.
New legislation could have far-reaching effects on councils’ pensions and procurement functions.
It may already seem a long time ago, but I hope you had a chance to recharge your batteries over the summer, ahead of what promises to be another challenging and rewarding year in local government.
A ‘system reset’ of local audit has been proposed by the Government to tackle the backlog of unaudited accounts dating back up to seven years.