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The Chancellor of the Exchequer, Jeremy Hunt, delivered his first Autumn Statement on 17th November 2022. As well as the usual updates on the state of public finances and the performance of the economy (in the context of challenging global conditions), the Chancellor also set out the broad policy direction in three key areas: economic stability, economic growth and public services. The key policy announcements relating to public spending and local government are summarised below:
Read our response to the Government's consultation on adult social care charging reform: distribution of funding 2023 to 2024.
Homelessness Prevention Grant 2023/24 onwards: technical consultation - consultation response by London Councils
Read our resposne to the Government’s consultation on the Homelessness Prevention Grant (HPG) 2023-24.
The provisional 2022-23 Local Government Finance Settlement was published on 16 December 2021 following a Written Ministerial Statement by the Rt Hon Michael Gove MP, Secretary of State for Levelling Up, Housing and Communities (DLUHC). It outlines provisional funding allocations for local authorities for 2022-23. This briefing provides a summary of the outcome for London local government.
The Spending Review 2021 sets out the government’s spending plans and departmental budgets for the next three years (2022-23 to 2024-25). This briefing provides an overview of the funding announcements and London Councils’ initial response to them.
This briefing updates on government reforms to business rates and on planned reforms to the business rates retention scheme, as well as the London business rates pool, within the context of the ongoing impact of the pandemic.
As expected, the March Budget was dominated by the continuing response to the pandemic, and while some significant taxation decisions – such as raising Corporation Tax to 25 per cent - signalled the some longer term recognition of the need to address the huge deficit created by record levels of borrowing, overall it did not go as far as London local government would have hoped – either in terms of providing the foundations for a strong economic and social recovery in London, or in delivering financial certainty for local authorities.