Local Government Finance

(asked on 17th December 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate his Department has made of projected local government finance settlement spending for each of the next five years as (a) total expenditure and (b) a percentage of gross domestic product.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 21st December 2018

Local government Core Spending Power is £45.1 billion in 2018-19, equivalent to 2.1% of forecast nominal Gross Domestic Product, as outlined in the OBR October 2018 Economic and Fiscal Outlook. The provisional Local Government Finance Settlement published on Thursday 13th December set out that Core Spending Power is forecast to increase to £46.4 billion in 2019-20, equivalent to 2.1% of forecast nominal Gross Domestic Product. Longer term funding decisions will be made at the Spending Review next year.

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