January 16th, 2015
by Wayne Lewis
The age of public sector austerity ushered in by the 2008 financial crisis has fallen with particular severity on local government. The Local Government Association (LGA) has calculated that the latest Local Government Finance Settlement announced on 18th December 2014 represents an 8.8% cut to local government budgets from April 2015. This brings to 40% the total reduction in core government funding since 2010 – then typically around two thirds of a council’s budget. Yet the deficit remains obstinately large and whatever the complexion of central government after May’s general election it’s likely that we’ll see councils’ spending power continue to shrink.