Local Government Finance
The question
To ask the Secretary of State for Housing, Communities and Local Government, whether the Prime Minister’s commitment to transfer more funding to every postcode will mean an increase in the level of local authority funding for every postcode area.
Answered by Ministry of Housing, Communities and Local Government
As set out in the Prime Minister's recent Machinery of Government Statement, No. 10 North will work in close partnership with local leaders, businesses, and communities to deliver good growth in every postcode, with places able to set their own ambitions and integrate services to meet people’s needs. Our Devolution White Paper in the autumn will set out the details of our plans for the full set of reforms and a clear timetable for their implementation.
The government has already made good on long overdue promises to fundamentally update the way we fund local authorities, delivering the first multi-year settlement in a decade worth £78 billion in 2026-27. We are delivering fairer funding, targeting money where it is needed most. By 2028-29, this government will have made available a 24.3% increase in Core Spending Power, worth an additional £16.6 billion since coming into power in 2024-25.
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