Local Government Finance

(asked on 19th October 2022) - View Source

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

To ask the Secretary of State for Levelling Up, Housing and Communities, if he will make it his policy to extend the IFRS9 statutory override for pooled investments beyond 31 March 2023 in the context of volatility in asset prices; and if he will make an assessment of the potential merits of providing further additional financial support as part of the Local Government Finance Settlement 2023/24 and 2024/25 to reflect additional costs in the context of inflationary pressures, including in external audit fees.


Answered by
Lee Rowley Portrait
Lee Rowley
Minister of State (Minister for Housing)
This question was answered on 8th November 2022

With reference to financial years 2023/2024 and 2024/25, the Government is currently considering elements of the future financial settlement and will make announcements in due course.

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