IFS: Funding increases have not reversed austerity

By Emily Twinch | 10 June 2024

Local authorities in England have outspent cash boosts in the past few years, leaving core funding 18% lower per person than at the start of the 2010s, a think-tank has revealed.  

The Institute for Fiscal Studies (IFS) highlighted boosts to councils’ coffers from central government including £9.7bn additional funding in 2020-21 and an extra £7.5bn in 2024-25 to offset the surge in inflation and financial pressures on the sector.

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Budgets and efficiency Whitehall Finance Birmingham Austerity Funding S114