Item 6 - Local Government Finance Update (L24/20)

Summary 

This report updates Leaders’ Committee on the latest local government finance developments following the final 2020-21 Local Government Settlement in February and the Budget on 11th March.
It also looks ahead to the major events in the next 12 months that will shape the local government finance system from 2021-22: the Comprehensive Spending Review (due in July), the Fair Funding Review and wider reforms to business rates. An update on the London business rates pool forecast is also provided.

 

Recommendations 
 
Leaders’ Committee is asked to:

• note the progress on finance lobbying with respect to the key events outlined in the report; and
• write to local MPs to promote London Council’s key Fair Funding Review lobbying priorities prior to the spring consultation.

 

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