Magazine article Public Finance

Town Halls Wait for Cash to Plug £2.2Bn Deficit

Magazine article Public Finance

Town Halls Wait for Cash to Plug £2.2Bn Deficit

Article excerpt

The details of the revenue support grant settlement, expected next week, remain cloaked in mystery although local government is hopeful that ministers will have found some extra cash to alleviate pressures.

Last year, central government came up with a £1bn funding package to relieve pressure on council tax.

But this year, the Local Government Association is warning that council tax could rise by as much as 10% unless ministers fill a £2.2bn black hole in council finances.

Senior local government sources told Public Finance that they were expecting the government to come up with some extra funds.

'It's certainly clear that the Office of the Deputy Prime Minister and the Treasury are scratching around the spending departments to see if there are any underspends to put into the settlement,' one said. …

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