Tory councils ‘bitterly disappointed’ by financial settlement
Councils have warned that many remain at risk of effective bankruptcy despite the Government making £64 billion in funding available next year.
The local government finance settlement guarantees every council a minimum annual 3% uplift in their core spending power, which is the amount they have to spend from a combination of Government grants, council tax and business rates.
The increase in spending power, which was £59.7 billion in 2023/24, confirms figures set out in the local government finance settlement policy statement earlier this month.
Struggling councils have repeatedly called on the Government to
