According to the County Councils Network Independent review of local government spending need and funding,an independent analysis of councils’ financial sustainability up to 2025 from PricewaterhouseCoopers LLP (PwC), Councils in England could face a funding black hole of over £50bn over the next six years.
Read the full report on methodology and regional breakdowns to get the facts’
This prediction has been echoed by the Local Government Association. In a June 2018 report it predicted a 7.8 billion funding gap by 2025.
More insight is given by their regular State of Local Government Finance Survey which has been conducted every January since 2012 to coincide with councils setting their annual budgets. The results give a snapshot of the key pressures facing councils and the impact of ongoing financial uncertainty on their communities.
Other sources of information on this include:
- IFS analysis of local government finance. They have also concluded that the present model of funding is unsustainable. A briefing document explains the present situation
- London Councils papers and news relating to local government funding reviews
- UK government documents
- House of Commons Library briefing paper Reviewing and reforming local government finance