The Bishop of St Albans tabled a question on the state of local authority finances on 6th February 2024, pointing out the need for long term planning of financial strategies to allow local authorities to better implement their spending:
The Lord Bishop of St Albans: To ask His Majesty’s Government what assessment they have made of the state of the finances of local authorities.
My Lords, I beg leave to ask the Question standing in my name and declare my interest, as set out in the register, as a vice-president of the Local Government Association.
Baroness Penn (Con): We have listened carefully to local authorities about the pressure that they are facing. That is why we have announced that the final local government finance settlement for 2024-25 will now make available £64.7 billion, an increase of 7.5% in cash terms on last year and above inflation. The department continually monitors the local government sector through data and direct engagement with individual councils. This includes considering the impact of inflation and wider economic circumstances.
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