Public Service Delivery: Northamptonshire
Debate between Stella Creasy and Rishi Sunak(6 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Rishi Sunak
My hon. Friend, as a former councillor himself, will be very familiar with these issues. Obviously, the details of individual contracts will be a matter for the individual officer concerned, but nothing in the inspection process itself should change any of those contracts as of today.
Stella Creasy (Walthamstow) (Lab/Co-op)
The Minister boasts of a settlement given to local government. Northamptonshire’s accounts show that in the next five years it will owe £240 million to private finance initiative schemes, of which £77 million is interest alone, paid to shareholders. Does he therefore agree that it is time for a windfall tax on the excessive profits of these companies, so that we can put the money where it is needed—in our public services, not in the pockets of these legal loan sharks?
Rishi Sunak
The hon. Lady talks about funding for Northamptonshire. Let me tell the House the numbers. Northamptonshire will be receiving a £30 million increase in core spending power for the forthcoming year. That represents an over-3% increase in its total budget, comparing favourably with the national average of 1.5%. On top of that, Northamptonshire will have access to its business rates retention, which on its current trajectory will include another £4 million of additional resources available.