On behalf of its membership, the cross-party LGA regularly submits to Government
consultations, briefs parliamentarians and responds to a wide range of parliamentary inquiries. Our recent
responses to government consultations and parliamentary briefings can be found here.
The practice note includes a lot of technical detail that is primarily written for auditors and we have not previously commented on its content, or on recent consultations on changes to it. The reason we feel the need to comment this time is not because we have concerns over the approach taken by the Public Audit Forum to date, but because local audit is currently in crisis, and we would welcome any action that can be taken to help provide solutions that can alleviate the effects of the crisis.
The changes in the 2003 Local Government Act and 2003 Capital Finance Regulations that introduced the Prudential Code were a major step in freeing local government from centrally imposed borrowing controls
The evidence of the financial strain on councils has been growing and today’s settlement does not provide enough funding to meet the severe cost and demand pressures which have left councils of all political colours and types warning of the serious challenges they face to set balanced budgets next year.
The local government finance settlement is the annual determination of funding to local government from central government. This briefing covers the provisional settlement for 2022/23. We expect the final 2022/23 settlement to be laid before the House of Commons, for its approval, in late January or early February 2022.
This briefing covers the provisional local government finance settlement for 2021/22. We expect the final 2021/22 settlement to be laid before the House of Commons for its approval in late January or early February 2021.