All councils will be keen to hear the Government's response to its consultation on the Fair Funding Review 2.0. Technically complex and delivered over a short six-week window, the consultation set out transitional arrangements that could see a list of 40-odd councils excluded from protections and facing grant reductions of up to 7% next year.
The funding floor set out in the proposals aims to protect most councils from cash reductions over the multi-year settlement. However, the Ministry of Housing, Communities and Local Government (MHCLG) is suggesting that some councils furthest from their new funding share have prudently-built reserves and are able to use those to ease in the funding changes.
