LOCAL AUTHORITY budget balancing “must be of the highest possible standard” as councils face an 11.8% cut in government funding since 2010/11.
New Audit Commission report Tough Times shows deprived areas suffered the largest budget slashes, but still received more money per head that wealthier parts of the country.
CIPFA said the report “illustrates the critical importance of sound financial management in local government”, but said further reductions in funding means budget balancing must remain exceptionally strong.
Director of local government finance policy Alison Scott said councils have performed “exceptionally well so far”, adding: “CIPFA can offer significant support.”
Falling local income is compounding the problem, sucking a further £1.2bn from local government income and taking the total reduction to £4.7bn, the Audit Commission said.
Partner at Pinsent Masons says Serious Fraud Office has secured 'one of the top ten enforcement actions of all time'
UK senior partner Phil Verity has been elected for a second term at Mazars
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Drastically fewer offices for HMRC in the hope to reduce their running costs