William Eichler 08 January 2024

Council finances ‘worsened’ since finance settlement

Council finances ‘worsened’ since finance settlement  image
Image: I T S / Shutterstock.com.

The financial position of local authorities in urban areas has ‘worsened’ since the finance settlement last month, warns local government campaign group.

The Special Interest Group of Municipal Authorities (Sigoma) said the finance settlement provided councils with no new funding and warned that ‘the situation has worsened’ over the last month.

Citing the case of Bradford Council, which has warned it will have to issue a section 114 notice unless the Government provides ‘exceptional’ financial support, SIGOMA chair Cllr Sir Stephen Houghton said the ‘financial viability of the whole sector is at risk.’

He added: ‘We need to get back to needs-based grant distribution which includes taking away business rates retention as soon as possible. In the longer-term we should move to a system based on an independent assessment of needs, away from political interference by Government ministers.’

If this article was of interest, then check out, 'Can local government take much more?', 'Preventing future Section 114 notices' and 'How to fix local government finance'.

What’s happening inside the LGPS? image

What’s happening inside the LGPS?

Get the most informed take on the challenges and opportunities that substantial reform will bring at this year’s PLSA Local Authority Conference.
SIGN UP
For your free daily news bulletin
Highways jobs

Senior Project Manager (Regeneration)

West Yorkshire Combined Authority
£49,359 to £56,057 per annum (pay award pending) – Grade 9
With ambitious goals ahead, we need dedicated individuals who are ready to make a real impact as part of our expanding Housing team Leeds / Hybrid
Recuriter: West Yorkshire Combined Authority

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerPermanent, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerFixed Term, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

HR Advisor - Pay & Policy (Career Grade)

Wakefield Council
Grade 9 - Grade 10, Career Grade, 24 hours, Permanent
Are you ready to make a difference and shape policies that foster a high performing and inclusive workplace? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Leisure Support Assistant

Wakefield Council
£12,013.50 - £12,202.00, Grade 3, 18.5 hours, Permanent
Are You Ready to Make a Difference in Your Community? Wakefield, West Yorkshire
Recuriter: Wakefield Council
Linkedin Banner