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Local Government Finance Update
05 February 2024
Type
Written Ministerial Statement
Department
Department for Levelling Up, Housing and Communities
At a Glance
Issue Summary
The statement discusses the final Local Government Finance Settlement for 2024-25, including increased funding and changes based on consultation responses.
Action Requested
The minister announces an increase of up to £64.7 billion in core spending power for local authorities, with additional social care funding, rural services support, and measures to protect taxpayers from excessive council tax increases. The statement also includes details on productivity plans and a new review panel.
Key Facts
- Up to £64.7 billion available for local authorities in England.
- Core Spending Power increase of up to £4.5 billion or 7.5% cash terms.
- Additional social care funding of £500 million.
- Rural Services Delivery Grant increased by £15 million, now totaling £110 million.
- Funding Guarantee increased from 3% to 4%.
- Bespoke council tax referendum principles for Thurrock Council, Slough Borough Council, and Woking Borough Council of up to 10%.
- Consultation received 267 responses.
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Assessment & feedback
Summary accuracy