Dominic Raab
Main Page: Dominic Raab (Conservative - Esher and Walton)(13 years, 10 months ago)
Commons ChamberI do not know whether the hon. Gentleman gets out much, but West Oxfordshire is a very small place, and Durham is a lot bigger. Durham has reserves of just short of £93 million, and it receives formula grant at £459 per head, a sum that the people of West Oxfordshire can only dream of.
T2. Last year, London Councils spoke for many when it said that Labour’s local funding formula“lacks transparency and is inherently unstable and unpredictable, generating fluctuations…that defy logic.”Will my right hon. Friend review that formula and base it on real need, so that more taxpayers get what they pay for?
It is certainly our intention to review the formula and to try to place it on a fair basis. When I had the opportunity of dealing with it, one of the relatively small things I was able to do was to move the relative needs component up to 83% from 73%. That is why the settlement has been so progressive this time.