Exclusive: Districts face financial 'cliff edge'

By Dan Peters | 29 October 2020

Districts face a ‘fiscal cliff edge of up to £524.1m after 2020/21 from lost business rates revenue gains and the end of New Homes Bonus, council treasurers have been warned.

On average, the loss of revenue is equivalent to 15.8% of shire districts’ revenue expenditure in 2019/20, according to work carried out by consultancy LG Futures.

Want full article access?

Receive The MJ magazine each week and gain access to all the content on this website with a subscription.

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.


Already a subscriber? Login

Finance New Homes Bonus District Councils Network