Local Government Finance: Greater London

(asked on 9th March 2022) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, what the total local government finance settlement for London councils was in (a) 2010-11 and (b) 2022-23.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 18th March 2022

The finance and function of local government has changed significantly between 2010-11 and 2022-23, meaning that our measures of local government funding are not consistent over that period. Since the 2016-17 settlement the consistent measure of local government funding is Core Spending Power. In 2022-23, the government made available a total of £10.5 billion in Core Spending Power for London councils. There is no equivalent Core Spending Power measure for 2010-11, but the total Formula Grant received by London councils was £6.5 billion. These figures are not comparable due to the changes in finance and function of local government, including, but not limited to, the introduction of Business Rates Retention and the inclusion of Council Tax and new Central Government grants in the Core Spending Power measure.

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