New Council Funding Formula: Winners & Losers

A new funding formula for English councils, effective April, brings significant changes, with council tax hikes over five percent in some areas and potential service cuts. The update shifts government grants based on deprivation levels, population needs, and tax-raising ability, creating winners and losers among local authorities. Wealthier spots like Richmond upon Thames face sharp drops in block funding, while deprived councils like Rotherham see grants rise. Officials argue the changes make local government more sustainable, directing more spending power to the most deprived areas. However, pressures like social care costs and kids services still squeeze budgets. With local elections in May, voters will weigh in on how councils handle these shifts. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/590e6eaf81fbad8b