Kevin Hollinrake
Main Page: Kevin Hollinrake (Conservative - Thirsk and Malton)(7 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text
Sajid Javid
The hon. Gentleman is referring to some of the measures in the Local Government Finance Bill. When we move to 100% business rates retention, all local councils will be fully funded, so there will be no legal requirement for an annual settlement because no money will be forthcoming directly from central Government.
Kevin Hollinrake (Thirsk and Malton) (Con)
Some London authorities have an average of 40% more spending power than somewhere like North Yorkshire despite often having younger, wealthier populations. As part of the fair funding review, does the Minister agree that future allocations should be based on the cost drivers of need and the cost of delivering services?
Sajid Javid
I agree with my hon. Friend, who spoke eloquently on this issue in the local government financial settlement debate last week. He highlights the need to look again at the outdated formulae, which are not transparent, and to ensure that funding is allocated on a needs basis.