Item 7 - Provisional Local Government Finance Settlement 2018-19 (16/18)

Summary    

On 19 December 2017 the Secretary of State for Communities & Local Government set out the provisional Local Government Finance Settlement for 2018-19 in an oral statement to Parliament.

This year’s settlement is the third of the current four year Spending Review period (2016-17 to 2019-20). For those authorities that have accepted the Government’s four year offer, the provisional settlement confirms Revenue Support Grant allocations for the next two years 2018-19 and 2019-20.

This report outlines the main headlines from the provisional settlement for London local government, including changes to the council tax referendum threshold and the business rates retention scheme.