CIPFA finds councils face 6% cut in spending power
Author: Richard Johnstone, Public Finance |
Councils face a 6% cut in spending power next year once ring-fenced funds and pooled resources are excluded from the Local Government Finance Settlement, an analysis by CIPFA has found.
Examining the figures published by local government minister Kris Hopkins, who said funding would be cut by an average of 1.8% in 2015/16, the institute has found the impact on council budgets could be more than three times more severe.