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<p>The majority of the funding provided through the Local Government Finance Settlement
is not ringfenced, in recognition of local authorities being best placed to understand
local priorities. This includes funding for libraries.</p><p>The final Local Government
Finance Settlement for 2024-25 makes available up to £64.7 billion, an increase in
Core Spending Power of up to £4.5 billion or 7.5% in cash terms on 2023-24. This above-inflation
increase demonstrates how the Government stands behind councils up and down the country.</p><p>For
Havering Council, this Settlement represents an increase in Core Spending Power of
up to £15.82 million (7.2%) – making available a total of up to £236.4 million in
2024-25. We have also published details of support agreed with a small number of councils,
including Havering Council, that have requested financial support on an exceptional
basis due to specific local issues that they are unable to manage themselves.</p>
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