Cost pressures threaten local services
Councils will have no choice but to implement significant cuts to services unless the Government provides extra funding to meet demand and cost pressures, the LGA has warned.
finance
On a cliff edge
Councils need financial certainty to maintain public services and help deliver growth
The cost of underfunded local services
Amid ongoing financial, economic and political uncertainty, the LGA continues to call strongly for a long-term government plan to put councils’ finances on a sustainable footing.
Public services at breaking point
Just weeks after taking power, Prime Minister Liz Truss and former Chancellor Kwasi Kwarteng made a remarkable impact – their disastrous kamikaze mini-Budget crashed the economy, causing market panic, and forcing the Bank of England to intervene.
Councils creaking under the strain
Before the mini-Budget, the LGA had calculated a £2.4 billion shortfall in our council budgets from next May.
Building financial resilience
Councils are at the heart of sustainable approaches to reducing cost pressures on residents.
Financing future growth
As first was going to press, we were expecting an emergency fiscal package from the Government, announcing tax cuts.
Councils face extra £3.6 billion in costs
Rising energy prices, spiralling inflation, and National Living Wage pressures are set to add £3.6 billion in unforeseen extra cost pressures onto council budgets in 2024/25, the LGA has warned.
Measures to ease cost-of-living crisis
Measures to tackle soaring energy prices, including an energy bill discount of £400 for all UK households this October, have been announced by the Chancellor.
Local taxpayers ‘subsidising’ festivals
Local taxpayers are heavily subsidising some commercial events because of outdated licensing fees, the LGA has said.