Local Government Finance

(asked on 22nd February 2016) - View Source

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

To ask the Secretary of State for Communities and Local Government, if the Government will bring forward proposals to review the needs-based formula for local government.


Answered by
Marcus Jones Portrait
Marcus Jones
Treasurer of HM Household (Deputy Chief Whip, House of Commons)
This question was answered on 1st March 2016

By the end of this Parliament, local authorities will fund local services from their local taxes, including £26 billion raised from business rates.

We have announced that we will conduct a review of what the needs assessment formula should be in a world in which all local government spending is funded by local resources not central grant, and use it to determine the transition to 100% business rates retention. We will develop this approach in partnership with local government.

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