…I want to give some context about the financial settlement because it starts with a conversation about money, which has happened throughout the debate. The settlement for this year makes available a total core spending power for London, including the GLA, of up to £11.35 billion. That is a £726 million increase on last year, and it represents a 5.8% cash-terms increase.
[Official Report, 26 March 2025; Vol. 764, c. 399WH.]
Written correction submitted by the Under-Secretary of State for Housing, Communities and Local Government, the hon. Member for Nottingham North and Kimberley (Alex Norris):
…I want to give some context about the financial settlement because it starts with a conversation about money, which has happened throughout the debate. The settlement for this year makes available a total core spending power for London, including the GLA, of up to £13.35 billion. That is a £726 million increase on last year, and it represents a 5.8% cash-terms increase.