Local authority funding sustainability

Questions to the Mayor of London – answered on 10th April 2019.

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Photo of Andrew Dismore Andrew Dismore Labour

Are you concerned that any London local authorities will be left unable to set a balanced budget as a result of the forthcoming £1.3 billion reduction the Government has chosen to make to the Revenue Support Grant?

Photo of Sadiq Khan Sadiq Khan Mayor of London

The scale of reductions arising from the Government’s austerity policies places great pressure on London’s local authorities. Although, all have set balanced budgets for 2019-20, most will have had to have made invidious decisions to do so. However, with the impending Spending Review, Fair Funding Formula Review, and business ratio re-set, further pressures will arise in future years in setting balanced budgets.