Local government funding - Revenue and capital finance settlements & consultations

Part of the local government finance team's work involves making the case for a fair and transparent funding system, which should reflect the unique service pressures facing London.

Below are two pieces of work that London Councils has carried out in support of this goal.

London Councils' response to the Formula Grant Consultation October 2010

This response sets out the views of London Councils on the Local Government Finance Formula Grant Distribution consultation paper, published on 28 July 2010. It calls for the Government to reduce funding instability by applying the maximum level of floor damping over the next settlement period, and to refrain from introducing methodology changes until its review of local government finance is complete.

Four Block Muddle - fundamental flaws in formula funding

This document makes the case against the unpredictability in formula funding caused by the four block model and makes the case for freezing the formula grant system until a new, fairer system can be designed