FINANCE

Brum proposes £300m cuts

Cash-strapped Birmingham City Council will cut spending on services by £300m to balance its books.

Cash-strapped Birmingham City Council will cut spending on services by £300m to balance its books.

The UK's biggest local authority will also hike council tax by 21% over the next two years from April, according to its budget proposals for 2024-25 and 2025-26.

Documents released by Birmingham alongside the budget proposals confirmed the Government has approved £1.25bn of exceptional financial support – in the form of loans that must be paid back partly through asset sales.

Council leader John Cotton apologised ‘unreservedly' for the spending reductions and council tax increase.

He said: ‘We have no alternative than to face these challenges head on and we will do whatever is necessary to put the council back on a sound financial footing.'

The local authority has warned that up to 600 posts may be axed.

Birmingham was forced to issue a section 114 notice in September.

The council is facing liabilities for equal pay claims of nearly £800m.

FINANCE

Delivering the mission

By Emmet Regan | 24 July 2024

Emmet Regan presents a delivery framework of ‘Six Ps’ that takes lessons from the previous Labour government and overlays the modern challenges public servic...

FINANCE

Homelessness pressures 'unsustainable'

By Martin Ford | 23 July 2024

Councils face ‘unsustainable financial pressure’ due to record levels of homelessness, according to a public spending watchdog.

FINANCE

Green shoots?

By Martin Ford | 23 July 2024

Planning and devolution were two of the key themes of last week’s King’s Speech, with a host of Bills being lined up and the sector being offered some degree...

FINANCE

Time for a frank debate on funding

By Heather Jameson | 23 July 2024

Heather Jameson talks to the new chief of CIPFA Owen Mapley about having hard things to say to the new Government, devolution, and the importance of fixing ...

Popular articles by William Eichler